Steel Strips Wheels’ scrip shoots up on the back of new order
DSIJ Intelligence / 04 Sep 2017
The shares of Steel Strips Wheels rose by over 3% during Monday’s trading session after the company informed that it has won an order for supply of steel wheels for the EU caravan market.
The shares of Steel Strips Wheels rose by over 3% during Monday’s trading session after the company informed that it has won an order for supply of steel wheels for the EU caravan market. This order covers supplies of approximately 27,000 steel wheels in a period of two months. Wheels will be shipped from SSWL's Chennai plant by end of September month. This repeat order strengthens SSWL’s position as a strong player in the caravan wheels market in the European region.
The stock was trading up by 3.47% at Rs 902.95 per share on the BSE at 1043 hours. It opened at Rs 873.15 per share and touched its intraday high and low at Rs 910 and Rs 871.25 per share, respectively. The stock attracted a total traded volume of 5,377 shares and traded value of Rs 47.28 lakhs on the NSE at 1039 hours. Its 52-week high stood at Rs 958 as on June 12, 2017 and the 52-week low was at Rs 480 as on November 22, 2016. The company is engaged in the manufacturing of steel wheel rims for different segments of the automotive industry.
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