Steel Strips Wheels is currently trading at Rs. 444.95, up by 6.40 points or 1.46% from its previous closing of Rs. 438.55 on the BSE.
The scrip opened at Rs. 436.20 and has touched a high and low of Rs. 445.00 and Rs. 435.85 respectively. So far 1078 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. 449.15 and Rs. 430.00 respectively. The current market cap of the company is Rs. 682.91 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) is expecting to cross more than 1 million Alloy Wheels sales resulting in total revenue of more than Rs 325 crore in FY 2020-21, on the basis of current market scenario and available orders. This will represent a plus 300 percent growth over last financial year.
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.
