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SSWL spurts on bagging exports order from OPEL Spain

Steel Strips Wheels Ltd. | Auto Ancillary | Automobiles | BSE: 513262 | NSE: SSWL

05 Oct 2018 Evaluate

Steel Strips Wheels is currently trading at Rs. 1028.30, up by 10.25 points or 1.01% from its previous closing of Rs. 1018.05 on the BSE.

The scrip opened at Rs. 1019.50 and has touched a high and low of Rs. 1035.00 and Rs. 1004.05 respectively. So far 455 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. 1160.95 and Rs. 975.00 respectively. The current market cap of the company is Rs. 1592.62 crore.

The promoters holding in the company stood at 57.63%, while Institutions and Non-Institutions held 2.16% and 40.21% respectively.

Steel Strips Wheels (SSWL) has bagged a new Exports order from OPEL Spain (Group PSA Company) for steel wheels. Order comprises of more than 650,000 wheels to be shipped in period of 6 years starting October 2019. Total order value is over euro 6 million.

This order will help the company to further strengthen its position as a preferred supplier in the PSA Group. The company has been in strong business relationship with PSA since last 9 years and this new nomination reflects their level of trust in company’s capabilities. This business will also support the company to grow its presence 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. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.

Steel Strips Wheels Share Price

219.25 -1.50 (-0.68%)

20-Apr-2026 11:06 View Price Chart

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SSWL spurts on bagging exports order from OPEL Spain

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