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Steel Strips Wheels accelerates on reporting 24% growth in September sales

01 Oct 2012 Evaluate

Steel Strips Wheels is currently trading at Rs 228.00, up by 3.30 points or 1.47% from its previous closing of Rs 224.70 on the BSE.

The scrip opened at Rs. 235.00 and has touched a high and low of Rs 237.00 and Rs 226.00 respectively. So far 11217 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 253.20 on 08-Dec-2011 and a 52 week low of Rs. 162.00 on 13-Aug-2012.

Last one week high and low of the scrip stood at Rs. 237 and Rs. 220.05 respectively. The current market cap of the company is Rs. 347.51 crore.

The promoters holding in the company stood at 53.82 % while Institutions and Non-Institutions held 2.68 % and 43.50 % respectively.

Steel Strips Wheels (SSWL) has registered a growth of 24% by achieving gross sale of Rs 9,920 lakh in September, 2012 as against 8,050 lakh in the same month previous year.  In terms of number of wheel rims, the company sold 9.25 lakh steel wheel rims during September, 2012 as against 7.53 lakh in September, 2011, registering a growth of 23%. Meanwhile, in August 2012, the company achieved gross sales of Rs 9,555 lakh and sold 8.35 lakh steel wheels rims.

The company 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.

Steel Strips Wheels Share Price

220.75 7.90 (3.71%)
17-Apr-2026 16:59 View Price Chart
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