Steel Strips Wheels (SSWL) is currently trading at Rs. 716.45, down by 4.25 points or 0.59% from its previous closing of Rs. 720.70 on the BSE.
The scrip opened at Rs. 728.10 and has touched a high and low of Rs. 740.00 and Rs. 704.20 respectively. So far 7840 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 775.00 on 14-Oct-2016 and a 52 week low of Rs. 286.80 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 740.00 and Rs. 682.05 respectively. The current market cap of the company is Rs. 1111.58 crore.
The promoters holding in the company stood at 58.77%, while Institutions and Non-Institutions held 0.43% and 40.80% respectively.
SSWL has reported 1% fall in its total wheel rim sales to 11.67 lakh in February 2017 as compared to 11.84 lakh in February 2016. In terms of Value, the company's gross turnover was Rs 123.04 crore in February 2017, as compared to Rs 116.77 crore in February 2016, recording a growth of 5% and achieved a Net turnover of Rs 108.51 crore in February 2017 as against Rs 105.30 crore in February 2016, recording a rise of 3%.
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.