Steel Strips Wheels is currently trading at Rs. 138.20, down by 1.95 points or 1.39% from its previous closing of Rs. 140.15 on the BSE.
The scrip opened at Rs. 142.85 and has touched a high and low of Rs. 145.75 and Rs. 137.25 respectively. So far 20179 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 189.69 on 07-Apr-2022 and a 52 week low of Rs. 136.34 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 154.45 and Rs. 136.80 respectively. The current market cap of the company is Rs. 2163.79 crore.
The promoters holding in the company stood at 62.60%, while Institutions and Non-Institutions held 0.83% and 36.58% respectively.
SSWL has reported results for third quarter ended December 31, 2022.
The company has reported rise of 2.52% in its net profit at Rs 43.77 crore for Q3FY23 as compared to Rs 42.69 crore for the corresponding quarter previous year. Total income of the company increased by 9.08% to Rs 940.48 crore for the quarter under review as compared to Rs 862.21 crore for the same quarter in the previous year.
Steel Strips Wheels (SSWL) 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.
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