Steel Strips Wheels is currently trading at Rs. 395.80, up by 17.15 points or 4.53% from its previous closing of Rs. 378.65 on the BSE.
The scrip opened at Rs. 410.00 and has touched a high and low of Rs. 411.05 and Rs. 387.95 respectively. So far 2380 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 821.80 on 08-Jul-2019 and a 52 week low of Rs. 317.35 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 411.05 and Rs. 338.00 respectively. The current market cap of the company is Rs. 617.04 crore.
The promoters holding in the company stood at 61.65% while Institutions and Non-Institutions held 1.02 % and 37.32% respectively.
Steel Strips Wheels (SSWL) has bagged firm exports orders for over 8000 wheels for EU & US Truck Trailer Market to be executed in June & July from its Chennai Truck Wheels plant. This marks gradual re-start of operations in EU & US post COVID lockdown. Additional orders for larger quantities are expected in coming weeks from several other regular customers as the market begins to recover.
These orders will support gradual production ramp-up of SSWL Chennai Truck wheels plant post Covid19 shutdown.
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.
