SSWL shines on bagging export orders of 4 lakh wheels

Steel Strips Wheels is currently trading at Rs. 741.50, up by 7.75 points or 1.06% from its previous closing of Rs. 733.75 on the BSE.

The scrip opened at Rs. 731.50 and has touched a high and low of Rs. 742.30 and Rs. 729.45 respectively. So far 619 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 776.10 on 10-Mar-2021 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. 752.45 and Rs. 678.70 respectively. The current market cap of the company is Rs. 1157.44 crore.

The promoters holding in the company stood at 62.77%, while Institutions and Non-Institutions held 1.34% and 35.89% respectively.

Steel Strips Wheels (SSWL) has bagged export orders of close to 4 lakh wheels for US & EU caravan trailer market, US Mobile Home and US Truck trailer market. The company will complete their execution by early July 2021 from its Chennai & Dappar plants. Orders of similar capacity are anticipated in coming months from similar customer base as businesses continue to recover rapidly.

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.