Steel Strips Wheels is currently trading at Rs. 442.90, up by 6.60 points or 1.51% from its previous closing of Rs. 436.30 on the BSE.
The scrip opened at Rs. 437.00 and has touched a high and low of Rs. 449.15 and Rs. 435.65 respectively. So far 815 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 798.00 on 20-Sep-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. 455.00 and Rs. 430.00 respectively. The current market cap of the company is Rs. 694.29 crore.
The promoters holding in the company stood at 62.85%, while Institutions and Non-Institutions held 0.98% and 36.17% respectively.
Steel Strips Wheels (SSWL) has bagged firm export order for over 145,000 wheels for US Caravan Trailer Market, to be executed in the month of September with a value of over 1.5 million dollars, from its Chennai plant. This is single largest order from one customer to be executed in a single month's time. This repetitive order confirms the market comeback after quite a period of slowdown. Recurring inflow of similar orders are expected in months to come.
With this order Chennai plant will aim to run its passenger car wheel business at its highest monthly run rate. This order also reinforces sswl's exports to grow by a minimum of 25 percent YOY in FY21.
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.
