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SSWL rises on bagging export order for supply of Caravan Steel wheels

Steel Strips Wheels (SSWL) is currently trading at Rs. 700.00, up by 15.75 points or 2.30% from its previous closing of Rs. 684.25 on the BSE.

The scrip opened at Rs. 686.20 and has touched a high and low of Rs. 710.00 and Rs. 674.00 respectively. So far 7,426 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. 284.00 on 17-Feb-2016.

Last one week high and low of the scrip stood at Rs. 710.00 and Rs. 667.95 respectively. The current market cap of the company is Rs. 1,087.35 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 bagged another after market exports order for supply of Caravan Steel wheels for EU Trailer market. The total order covers supplies of 62,000 wheels in 3 months. The orders comprise of IT Steel wheels to be supplied from SSWL with shipments starting from February.

This order further augments SSWL’s strong presence in the extremely competitive EU Caravan Steel wheels market. SSWL is on its path to be dominant player in caravan wheel market in European region.

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.

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