Steel Strips Wheels (SSWL) is currently trading at Rs. 868.75, up by 25.90 points or 3.07% from its previous closing of Rs. 842.85 on the BSE.
The scrip opened at Rs. 856.75 and has touched a high and low of Rs. 877.90 and Rs. 855.00 respectively. So far 1,011 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 956.60 on 12-Jun-2017 and a 52 week low of Rs. 481.10 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 877.90 and Rs. 829.05 respectively. The current market cap of the company is Rs. 1,351.45 crore.
The promoters holding in the company stood at 56.75%, while Institutions and Non-Institutions held 2.57% and 40.68% respectively.
Steel Strips Wheels has bagged another big exports order from Europe for its Truck wheels plant in Chennai. The total order size is 10,000 wheels to be dispatched as soon as possible. The company expects to conclude a deal of 100,000 truck wheels within this month. The total value of this deal would be over 3.9 million euro.
SSWL is in touch with other large trailer makers in European territory and expects to get more orders in this segment in near future. SSWL expects to increase its presence in Truck & Trailer market in the coming months given the world class manufacturing facility at its Chennai plant.
Steel Strips Wheels (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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