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SSWL soars on achieving net turnover of Rs 301.21 crore in September

01 Oct 2021 Evaluate

Steel Strips Wheels is currently trading at Rs. 1812.00, up by 76.90 points or 4.43% from its previous closing of Rs. 1735.10 on the BSE.

The scrip opened at Rs. 1708.00 and has touched a high and low of Rs. 1821.00 and Rs. 1705.10 respectively. So far 3840 shares were traded on the counter.

The BSE group 'T ' stock of face value Rs. 10 has touched a 52 week high of Rs. 1990.00 on 01-Sep-2021 and a 52 week low of Rs. 442.00 on 01-Oct-2020.

Last one week high and low of the scrip stood at Rs. 1821.00 and Rs. 1683.10 respectively. The current market cap of the company is Rs. 2733.22 crore.

The promoters holding in the company stood at 62.77%, while Institutions and Non-Institutions held 1.28% and 35.96% respectively.

Steel Strips Wheels (SSWL) has achieved net turnover of Rs 301.21 crore in September 2021 Vs Rs 166.82 crore in September 2020, recording a growth of 80.45% YOY and achieved Gross turnover of Rs 354.86 crore in September 2021 Vs 201.41 crore in September 2020, there by recording a growth of 76.07% YOY.

SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims 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.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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