Shares of
Steel Strips Wheels hit an upper circuit on the BSE in an otherwise volatile market. The stock came into the limelight after the company board consider stock split on September 3.
"A meeting of the board of directors of the company is scheduled to be held on September 3, 2021, to consider and approve the sub-division/split of the equity shares of the face value of Rs10 each of the company," the company said in the filing.
Further, pursuant to the provisions of the company’s code for prevention of Insider Trading and the circular issued by the Stock Exchanges, the Trading window for dealing in the securities of the Company has been closed with effect from August 17, 2021 and would remain closed until 48 hours after the announcement of the above said matter to the public, the company said.
The stock is currently trading at Rs1,665.15 up by Rs79.25 or 5% from its previous closing of Rs1,585.90 on the BSE. The scrip opened at Rs1,593.10 and has touched a high and low of Rs1,665.15 and Rs1,539 respectively.