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SSWL jumps on bagging European Patent for innovative design concept in semi-full face wheels

Steel Strips Wheels Ltd. | Auto Ancillary | Automobiles | BSE: 513262 | NSE: SSWL

09 Jul 2013 Evaluate

SSWL is currently trading at Rs. 151.85, up by 15.70 points or 11.53% from its previous closing of Rs. 136.15 on the BSE.

The scrip opened at Rs. 135.50 and has touched a high and low of Rs. 157.95 and Rs. 135.50 respectively. So far 25,203 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 240.90 on 17-Sep-2012 and a 52 week low of Rs. 133.05 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 145.00 and Rs. 135.00 respectively. The current market cap of the company is Rs. 230 crore.

The promoters holding in the company stood at 53.82% while Institutions and Non-Institutions held 2.60% and 43.58% respectively.

Steel Strips Wheels (SSWL) has received Patent from the European Patent office for innovative design concept in semi-full face wheels (also known as styled wheels). The design is an improvement on existing semi-full-face designs, specially modified to enhance the life-cycle of the product and higher pay load capacity. These wheels are used in passenger cars and have an appeal (styling) similar to that of alloy wheels, but are economical than the alloy wheels.

In the conventional form semi-full face designs pose a high challenge to the manufacturers in meeting the strength requirements (life-cycle requirements). The company innovation helps to eliminate the drawbacks of low fatigue life while retaining its excellent appeal similar to alloy wheels. In addition, it also helps to reduce the weight of the part, thus reducing the costs considerably. The design will be highly attractive for SUV a vehicle which is in high demand all across the world. The company already supplying Semi-full face wheels with the innovated design concept for Renault Duster globally.

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.

Steel Strips Wheels Share Price

214.20 -2.95 (-1.36%)

21-Apr-2026 10:50 View Price Chart

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SSWL jumps on bagging European Patent for innovative design concept in semi-full face wheels

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