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SSWL gains despite reporting 2% fall in total wheel rim sales in December

03 Jan 2017 Evaluate

Steel Strips Wheels (SSWL) is currently trading at Rs. 628.45, up by 1.80 points or 0.29% from its previous closing of Rs. 626.65 on the BSE.

The scrip opened at Rs. 630.00 and has touched a high and low of Rs. 635.00 and Rs. 628.45 respectively. So far 1333 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 775.00 on 14-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. 643.95 and Rs. 551.00 respectively. The current market cap of the company is Rs. 976.20 crore.

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

SSWL has reported contraction of 2% in its total wheel rim sales of 10.18 lakh compared to 10.42 lakh in December 2015. The impact of demonetization was well absorbed by the company due to increase in market share with every customer.

In terms of value, the company has achieved gross turnover of Rs 109.89 crore in December 2016 compared to Rs 107.60 crore in December 2015, there by recording growth of 2% and achieved net turnover of Rs 98.97 crore in December 2016 compared to Rs 97.00 crore in December 2015, recording a growth of 2%.

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

217.15 -3.60 (-1.63%)
20-Apr-2026 16:59 View Price Chart
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