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03-09-2024 03:44 PM | Source: Accord Fintech
SSWL declines on reporting 7% fall in net turnover in August 2024

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Steel Strips Wheels is currently trading at Rs. 226.70, down by 1.25 points or 0.55% from its previous closing of Rs. 227.95 on the BSE.

The scrip opened at Rs. 226.05 and has touched a high and low of Rs. 227.95 and Rs. 224.35 respectively. So far 11053 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 298.90 on 16-Oct-2023 and a 52 week low of Rs. 190.00 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 234.45 and Rs. 220.00 respectively. The current market cap of the company is Rs. 3558.37 crore.

The promoters holding in the company stood at 60.98%, while Institutions and Non-Institutions held 10.53% and 28.49% respectively.

Steel Strips Wheels (SSWL) has achieved net turnover of Rs 363.10 crore in August 2024 as against Rs 389.77 crore in August 2023, recording a de-growth of 6.84% year-on-year (YoY) and achieved gross turnover of Rs 442.75 crore in August 2024 as against Rs 471.24 crore in August 2023, there by recording a dip of 6.17% 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.