SSWL touches roof on achieving 44% growth in net turnover in March
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Steel Strips Wheels is currently trading at its upper circuit limit of Rs. 847.95, up by 40.35 points or 5.00% from its previous closing of Rs. 807.60 on the BSE.
The scrip opened at Rs. 829.20 and has touched a high and low of Rs. 847.95 and Rs. 824.40 respectively. So far 8756 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. 312.50 on 03-May-2021.
Last one week high and low of the scrip stood at Rs. 829.00 and Rs. 758.80 respectively. The current market cap of the company is Rs. 2647.21 crore.
The promoters holding in the company stood at 62.77%, while Institutions and Non-Institutions held 0.50% and 36.72% respectively.
Steel Strips Wheels (SSWL) has achieved Net turnover of Rs 365.73 crore in March 2022 Vs Rs 253.29 crore in March 2021, recording a growth of 43.92% YOY and achieved Gross turnover of Rs 446.65 crore in March 2022 Vs Rs 307.38 crore in March 2021, there by recording a growth of 45.20% 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.
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