Steel Strips Wheels (SSWL) is currently trading at Rs. 786.00, up by 2.00 points or 0.26% from its previous closing of Rs. 784.00 on the BSE.
The scrip opened at Rs. 778.25 and has touched a high and low of Rs. 789.70 and Rs. 778.25 respectively. So far 71 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1221.00 on 27-Aug-2018 and a 52 week low of Rs. 724.00 on 09-Jul-2019.
Last one week high and low of the scrip stood at Rs. 793.00 and Rs. 776.05 respectively. The current market cap of the company is Rs. 1217.17 crore.
The promoters holding in the company stood at 60.08%, while Institutions and Non-Institutions held 1.01% and 38.90% respectively.
Steel Strips Wheels has received another export order for market in the Western Hemisphere worth Rs 17 crore. Orders would be executed over a period of 12 months with supplies already started this month from Chennai plant.
With this additional business, Chennai plant will be running at 100 percent utilization and efforts are underway to debottleneck to raise utilization by another 25 percent.
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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