Powered by: Motilal Oswal
2025-02-01 11:18:05 am | Source: Accord Fintech
SSWL jumps on reporting 8% rise in net turnover in January 2025
News By Tags | #StockMarket #SSWL #AutoSector
SSWL jumps on reporting 8% rise in net turnover in January 2025

Steel Strips Wheels is currently trading at Rs. 198.20, up by 4.70 points or 2.43% from its previous closing of Rs. 193.50 on the BSE.

The scrip opened at Rs. 194.00 and has touched a high and low of Rs. 200.00 and Rs. 194.00 respectively. So far 8289 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 281.00 on 06-Feb-2024 and a 52 week low of Rs. 171.05 on 27-Jan-2025.

Last one week high and low of the scrip stood at Rs. 200.00 and Rs. 171.05 respectively. The current market cap of the company is Rs. 3110.34 crore.

The promoters holding in the company stood at 60.98%, while Institutions and Non-Institutions held 11.69% and 27.33% respectively.

Steel Strips Wheels (SSWL) has achieved monthly net turnover of Rs 409.16 crore in January 2025, as compare to Rs 380.47 crore in January 2024, recording a growth of 7.54% Year-on-Year (YoY) and achieved Gross turnover of Rs 500.42 crore in January 2025 as compare to Rs 468.59 crore in January 2024, there by recording a growth of 6.79% 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.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here