Steel Strips Wheels is currently trading at Rs. 1303.00, up by 11.80 points or 0.91% from its previous closing of Rs. 1291.20 on the BSE.
The scrip opened at Rs. 1292.45 and has touched a high and low of Rs. 1305.00 and Rs. 1289.10 respectively. So far 269 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1473.70 on 24-Apr-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. 1410.00 and Rs. 1273.20 respectively. The current market cap of the company is Rs. 2030.09 crore.
The promoters holding in the company stood at 57.63%, while Institutions and Non-Institutions held 3.15% and 39.23% respectively.
Steel Strips Wheels (SSWL) has bagged another exports order from US Truck & Trailer Aftermarket for its Truck Steel wheels plant in Chennai. Order comprises of approximately 9,500 truck wheels to be shipped from the company’s Chennai Truck plant in this month. Total order value is $ 425,000.
The company is in discussions with other large truck & trailer makers in USA and expects to close some more contracts in this segment in near future. It expects to increase its presence in high potential Truck & Trailer wheels market in US & EU in the coming months.
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.
