SSWL surges on posting 96% growth in net sales in May 2022
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Steel Strips Wheels is currently trading at Rs. 774.70, up by 30.85 points or 4.15% from its previous closing of Rs. 743.85 on the BSE.
The scrip opened at Rs. 771.00 and has touched a high and low of Rs. 784.75 and Rs. 754.85 respectively. So far 2696 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. 363.35 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 784.75 and Rs. 681.70 respectively. The current market cap of the company is Rs. 2418.69 crore.
The promoters holding in the company stood at 62.77%, while Institutions and Non-Institutions held 0.58% and 36.65% respectively.
Steel Strips Wheels (SSWL) has achieved Net turnover of Rs 325.26 crore in May 2022 Vs Rs 165.68 crore in May 2021, recording a growth of 96.31% YoY and achieved Gross turnover of Rs 401.07 crore in May 2022 Vs Rs 190.69 crore in May 2021, there by recording a growth of 110.32% YoY. The company’s exports declined 56% in May 2022 (YoY).
SSWL is a part of the Steel Strips Group, headquartered in Chandigarh. It 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.
