SSWL rides high on reporting 10% growth in net turnover in May
Steel Strips Wheels is currently trading at Rs. 154.10, up by 6.45 points or 4.37% from its previous closing of Rs. 147.65 on the BSE.
The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 154.90 and Rs. 148.15 respectively. So far 12006 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.90 on 06-Sep-2022 and a 52 week low of Rs. 126.20 on 30-Jan-2023.
Last one week high and low of the scrip stood at Rs. 154.90 and Rs. 146.15 respectively. The current market cap of the company is Rs. 2335.18 crore.
The promoters holding in the company stood at 62.68%, while Institutions and Non-Institutions held 6.46% and 30.87% respectively.
Steel Strips Wheels (SSWL) has achieved Net turnover of Rs 357.27 crore in May 2023 vs Rs 325.26 crore in May 2022, recording a growth of 9.84% YOY and achieved Gross turnover of Rs 433.30 crore in May 2023 vs Rs 401.07 crore, there by recording a growth of 8% 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.
