SSWL soars on reporting 43% growth in net turnover in December
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Steel Strips Wheels is currently trading at Rs. 164.05, up by 4.70 points or 2.95% from its previous closing of Rs. 159.35 on the BSE.
The scrip opened at Rs. 161.50 and has touched a high and low of Rs. 164.95 and Rs. 159.05 respectively. So far 9085 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 189.69 on 07-Apr-2022 and a 52 week low of Rs. 135.72 on 27-Jan-2022.
Last one week high and low of the scrip stood at Rs. 164.95 and Rs. 146.50 respectively. The current market cap of the company is Rs. 2530.82 crore.
The promoters holding in the company stood at 62.60%, while Institutions and Non-Institutions held 0.55% and 36.85% respectively.
Steel Strips Wheels (SSWL) has achieved net turnover of Rs 334.41 crore in December 2022 as compared to Rs 234.54 crore in December 2021, recording a growth of 42.58% and achieved gross turnover of Rs 413.76 crore in December 2022 as against Rs 285.19 crore in December 2021, there by recording a growth of 45.08%. However, the company’s exports declined 45% in December 2022 on year-on-year basis.
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.
