Wheels India is currently trading at Rs. 738.00, up by 13.85 points or 1.91% from its previous closing of Rs. 724.15 on the BSE.
The scrip opened at Rs. 729.95 and has touched a high and low of Rs. 750.00 and Rs. 727.40 respectively. So far 9173 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 807.00 on 30-May-2012 and a 52 week low of Rs. 229.95 on 05-Oct-2011.
Last one week high and low of the scrip stood at Rs. 752.90 and Rs. 690.95 respectively. The current market cap of the company is Rs. 722.94 crore.
The promoters holding in the company stood at 85.62% while Institutions and Non-Institutions held 3.85% and 10.53% respectively.
Wheels India has reported results for first quarter ended June 30, 2012.
The company has reported a growth of 24.20% in its net profit at Rs 8.93 crore for the quarter under review as compared to Rs 7.19 crore for the same quarter in the previous year. The total income from operation of the company has increased by 11.36% at Rs 519.61 crore for Q1FY13 as compared Rs 466.59 crore for the corresponding quarter previous year.
Wheels India is promoted by the TVS Group and was started in the early sixties to manufacture automobile wheels. Today, Wheels India has grown as a leading manufacturer of steel wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment in India.
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