Steel Strips Wheels (SSWL) is currently trading at Rs. 1138.00, up by 24.05 points or 2.16% from its previous closing of Rs. 1113.95 on the BSE.
The scrip opened at Rs. 1110.00 and has touched a high and low of Rs. 1153.00 and Rs. 1110.00 respectively.
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. 769.95 on 23-Nov-2017.
Last one week high and low of the scrip stood at Rs. 1153.00 and Rs. 1051.00 respectively. The current market cap of the company is Rs. 1,768.00 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 13.24 lakh in March 2018 compared to 12.68 lakh representing a growth of 5% Y-o-Y. This is the highest volume sales by the company ever. The robust growth in March was purely on account broad based growth on truck and tractor segment.
In terms of value, the company has achieved gross turnover of Rs 218.63 crore in March 2018 compared to Rs 143.45 crore in March 2017, there by recording a growth of 52% and achieved net turnover of Rs 169.05 crore in March 2018 compared to Rs 126.55 crore in March 2017, recording a growth of 34%.
Passenger car segment volumes fell by % in March 2018 Y-o-Y basis, while tractor volumes rose to record sales by 20% in March 2018 Y-o-Y basis. LCV & MHCV segment volumes grew by 59% Y-o-Y basis in March 2018, while 2&3 Wheelers segment grew by 15%.
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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