SSWL jumps on posting 15% growth in net sales in August
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Steel Strips Wheels is currently trading at Rs. 891.65, up by 16.65 points or 1.90% from its previous closing of Rs. 875.00 on the BSE.
The scrip opened at Rs. 876.00 and has touched a high and low of Rs. 915.00 and Rs. 876.00 respectively. So far 6694 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 995.00 on 01-Sep-2021 and a 52 week low of Rs. 678.60 on 27-Jan-2022.
Last one week high and low of the scrip stood at Rs. 915.00 and Rs. 820.10 respectively. The current market cap of the company is Rs. 2843.53 crore.
The promoters holding in the company stood at 62.60%, while Institutions and Non-Institutions held 0.50% and 36.89% respectively.
Steel Strips Wheels (SSWL) has achieved net turnover of Rs 352.93 crore in August 2022 as compared to Rs 308.09 crore in August 2021, recording a growth of 14.55% YoY and achieved gross turnover of Rs 436.67 crore in August 2022 against Rs 373.03 crore in August 2021, there by recording a growth of 17.06% YoY. However, company’s exports declined 76% in August 2022 (YoY).
SSWL is engaged in the manufacturing of single piece steel wheel rims 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.
