Steel Strips Wheels is currently trading at Rs. 775.00, up by 9.85 points or 1.29% from its previous closing of Rs. 765.15 on the BSE.
The scrip opened at Rs. 774.00 and has touched a high and low of Rs. 775.00 and Rs. 774.00 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 942.00 on 02-Jan-2019 and a 52 week low of Rs. 720.00 on 09-Dec-2019.
Last one week high and low of the scrip stood at Rs. 775.00 and Rs. 746.00 respectively. The current market cap of the company is Rs. 1191.05 crore.
The promoters holding in the company stood at 61.10%, while Institutions and Non-Institutions held 1.02% and 37.89% respectively.
Steel Strips Wheels (SSWL) has achieved total wheel rim sales of 11.94 lakh in December 2019 as against 11.30 lakh in December 2018, representing a growth of 6% Y-o-Y. The company has achieved gross turnover of Rs 153.71 crore in December 2019 as against Rs 178.39 crore in December 2018, there by recording a de-growth of 14% and achieved Net turnover of Rs 127.03 crore in December 2019 as compared to Rs 148.46 crore in December 2018, recording a de-growth of 14%.
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.
