Steel Strips Wheels (SSWL) is currently trading at Rs. 982.05, down by 34.05 points or 3.35% from its previous closing of Rs. 1016.10 on the BSE.
The scrip opened at Rs. 1000.00 and has touched a high and low of Rs. 1000.00 and Rs. 942.15 respectively. So far 2,311 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1225.00 on 10-Jan-2018 and a 52 week low of Rs. 660.00 on 13-Feb-2017.
Last one week high and low of the scrip stood at Rs. 1154.00 and Rs. 942.15 respectively. The current market cap of the company is Rs. 1,527.70 crore.
The promoters holding in the company stood at 57.63%, while Institutions and Non-Institutions held 2.47% and 39.90% respectively.
Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 10.60 lakh in January 2018, as against 11.67 lakh in January 2017, representing a de-growth of 9%. The drop in January was purely on account of EWAY pilling system introduced by Indian Government effective February 1, 2018.
In terms of value, the company has achieved gross turnover of Rs 156.26 crore in January 2018 compared to 119 66 crore in January 2017, there by recording a growth of 31% and achieved Net turnover of Rs 126.69 crore in January 2018 compared to Rs 107.65 crore in January 2017, recording a growth of 18%.
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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