Steel Strips Wheels is currently trading at Rs. 948.40, up by 15.65 points or 1.68 % from its previous closing of Rs. 932.75 on the BSE.
The scrip opened at Rs. 940.00 and has touched a high and low of Rs. 952.90 and Rs. 940.00 respectively. So far 3001 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 940.50 on 18-Apr-2017 and a 52 week low of Rs. 379.25 on 30-May-2016.
Last one week high and low of the scrip stood at Rs. 952.90 and Rs. 902.30 respectively. The current market cap of the company is Rs. 1473.20 crore.
The promoters holding in the company stood at 58.77%, while Institutions and Non-Institutions held 0.74% and 40.51% respectively.
Steel Strips Wheels (SSWL) has bagged another export order for supply of Steel wheels for EU Trailer & aftermarket. Total order covers supplies of around 23,500 wheels in a period of 2 months. Wheels to be dispatched from the company's Chennai & Dappar plant from next month onwards.
This order further augments the company's strong presence in the extremely competitive EU Caravan Steel wheels market. The company is on its path to be dominant player in caravan wheel market in European region.
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.
