SSWL trades higher on the BSE
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Steel Strips Wheels is currently trading at Rs. 167.70, up by 1.85 points or 1.12% from its previous closing of Rs. 165.85 on the BSE.
The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 170.00 and Rs. 166.25 respectively. So far 8296 shares were traded on the counter.
The BSE group 'B' 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. 170.00 and Rs. 156.30 respectively. The current market cap of the company is Rs. 2621.60 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 inks a Memorandum of Understanding (MoU) with Redler Technologies to establish a joint venture in cfocused on the development, manufacturing and marketing of innovative, state-of-art motion control solution for Two, Three & four-wheeled electric vehicle in India.
This association will synergies SSWL’s manufacturing capability, large customer Access and strong presence in India with Redler’s access to advanced technology to significantly contribute towards ATMANIRBHAR BHARAT theme of India. This will help to bring state of the art technology products with an aim to promote Make In India-Make For World.
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.
