Steel Strips Wheels is currently trading at Rs 611.75, up by 30.45 points or 5.24% from its previous closing of Rs. 581.30 on the BSE.
The scrip opened at Rs. 595.00 and has touched a high and low of Rs. 626.95 and Rs. 595.00 respectively. So far 22148 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 626.95 on 3-Oct-2016 and a 52 week low of Rs. 284.00 on 17-Feb-2016.
Last one week high and low of the scrip stood at Rs. 626.95 and Rs. 560.00 respectively. The current market cap of the company is Rs. 949.56 crore.
The promoters holding in the company stood at 59.01%, while Institutions and Non-Institutions held 0.55% and 40.43% respectively.
Steel Strips Wheels (SSWL) has reported 11% growth in its total wheel rim sales to 12.08 lakh in September 2016 as compared to 10.91 lakh in September 2015. In terms of Value, the company's gross turnover was Rs 101.33 crore in September 2016, as compared to Rs 117.13 crore in September 2015, recording a fall of 13.49% and achieved a Net turnover of Rs 91.25 crore in September 2016 as against Rs 105.26 crore in September 2015, recording a fall of 13.31%.
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.
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