Steel Strips Wheels is currently trading at Rs. 990.00, up by 21.60 points or 2.23% from its previous closing of Rs. 968.40 on the BSE.
The scrip opened at Rs. 988.85 and has touched a high and low of Rs. 993.90 and Rs. 980.10 respectively. So far 292 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. 678.80 on 22-Feb-2017.
Last one week high and low of the scrip stood at Rs. 1065.00 and Rs. 953.65 respectively. The current market cap of the company is Rs. 1,540.07 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 secured another prestigious export order from esteemed German OEM- BMW. This order covers supplies of around 46,000 steel wheels. Wheels would be supplied to BMW's Leipzig, Germany plant from company’s Chennai plant from next financial year onwards.
SSWL has been in strong business relationship with BMW since last 8 years and this business reflects their level of trust and commitment in SSWL. This business will help SSWL strengthen its position in the challenging EU Steel wheels market.
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.
