Steel Strips Wheels (SSWL) is currently trading at Rs. 672.05, up by 15.95 points or 2.43% from its previous closing of Rs. 656.10 on the BSE.
The scrip opened at Rs. 657.95 and has touched a high and low of Rs. 692.10 and Rs. 656.10 respectively. So far 7203 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. 692.10 and Rs. 595.00 respectively. The current market cap of the company is Rs. 1048.51 crore.
The promoters holding in the company stood at 58.77%, while Institutions and Non-Institutions held 0.98% and 40.25% respectively.
SSWL is aiming to achieve a volume sale of 35.6 lakh in Q4FY17 as compared to 33.24 lakh in Q3FY17, representing a growth of 7% Q-o-Q.
The volume growth is primarily driven by Passenger cars and very good growth in tractors and truck segment. The CV segment is witnessing very good demand for Q4 and will surely negate the demonetization impact. The portfolio growth of heavier wheels is getting into high double digit and will surely give its impact on the financial performance of the company in Q4.
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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