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SSWL surges on bagging an export order for supply of Caravan Steel wheels

Steel Strips Wheels Ltd. | Auto Ancillary | Automobiles | BSE: 513262 | NSE: SSWL

07 Oct 2016 Evaluate

Steel Strips Wheels is currently trading at Rs. 691.55, up by 11.80 points or 1.74% from its previous closing of Rs. 679.75 on the BSE.

The scrip opened at Rs. 687.10 and has touched a high and low of Rs. 705.40 and Rs. 680.00 respectively. So far 16585 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 705.40 on 07-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. 705.40 and Rs. 560.00 respectively. The current market cap of the company is Rs. 1071.81 crore.

The promoters holding in the company stood at 58.77%, while institutions and non-institutions held 0.98% and 40.25% respectively.

Steel Strips Wheels (SSWL) has bagged an export order for supply of Caravan Steel wheels for EU Trailer market. Total order is for supplying approximately 115,000 wheels in a period of six months. Orders will be executed from SSWL's Chennai plant with shipments starting from November 2016.

This order marks strong presence of SSWL in the extremely competitive EU Caravan wheels market complimenting the strategy that was formulated a year back. SSWL is expecting to receive additional orders for the Caravan wheels from other EU customers in coming weeks.

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.

Steel Strips Wheels Share Price

220.75 7.90 (3.71%)

17-Apr-2026 11:40 View Price Chart

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SSWL surges on bagging an export order for supply of Caravan Steel wheels

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