Steel Strips Wheels is currently trading at Rs. 373.80, up by 13.20 points or 3.66% from its previous closing of Rs. 360.60 on the BSE.
The scrip opened at Rs. 370.00 and has touched a high and low of Rs. 390.00 and Rs. 368.00 respectively. So far 5716 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 395.95 on 19-Jan-2015 and a 52 week low of Rs. 254.50 on 27-Mar-2015.
Last one week high and low of the scrip stood at Rs. 390.00 and Rs. 355.70 respectively. The current market cap of the company is Rs. 566.42 crore.
The promoters holding in the company stood at 58.38% while Institutions and Non-Institutions held 0.66% and 40.96% respectively.
Steel Strips Wheels’ promoter Priya Garg has hiked her stake by around half percent in the company by acquiring 75,000 shares. With the acquisition, Priya Garg’s shareholding has been increased to 2.37% (362388 shares) and total promoter and PACs shareholding increased to 58.98% (9000559) of the paid up capital of the company.
SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.
