SSWL rises despite reporting marginal fall in net turnover in November 2024
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Steel Strips Wheels is currently trading at Rs. 204.85, up by 1.85 points or 0.91% from its previous closing of Rs. 203.00 on the BSE.
The scrip opened at Rs. 203.95 and has touched a high and low of Rs. 204.85 and Rs. 201.05 respectively. So far 5783 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 289.15 on 23-Jan-2024 and a 52 week low of Rs. 189.00 on 29-Oct-2024.
Last one week high and low of the scrip stood at Rs. 210.80 and Rs. 201.10 respectively. The current market cap of the company is Rs. 3199.79 crore.
The promoters holding in the company stood at 60.98%, while Institutions and Non-Institutions held 11.34% and 27.67% respectively.
Steel Strips Wheels (SSWL) has achieved net turnover of Rs 371.52 crore in November 2024 as against Rs 371.98 crore in November 2023 with a marginal dip of 0.12% year-on-year (YoY) and achieved gross turnover of Rs 455.05 crore in November 2024 as against Rs 455.87 crore in November 2023 with a marginal dip of 0.18% year-on-year (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.
