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SSWL falls despite reporting 17% rise in Q2 net profit

15 Nov 2018 Evaluate

Steel Strips Wheels (SSWL) is currently trading at Rs. 1053.00, down by 32.65 points or 3.01% from its previous closing of Rs. 1085.65 on the BSE.

The scrip opened at Rs. 1060.90 and has touched a high and low of Rs. 1060.90 and Rs. 1042.85 respectively. So far 191 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. 1153.45 and Rs. 1,042.85 respectively. The current market cap of the company is Rs. 1624.79 crore.

The promoters holding in the company stood at 57.64%, while Institutions and Non-Institutions held 1.94% and 40.42% respectively.

The company has reported 17.17% rise in its net profit at Rs 21.29 crore for second quarter ended September 30, 2018 as compared to Rs 18.17 crore for the same quarter in the previous year. Total income of the company increased by 40.67% at Rs 536.19 crore for Q2FY19 as compared Rs 381.17 crore for the corresponding quarter previous year.

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

211.65 -1.75 (-0.82%)
08-May-2026 16:59 View Price Chart
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