SSWL trades lower on reporting 6% fall in net turnover in October 2024
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Steel Strips Wheels is currently trading at Rs. 201.90, down by 5.35 points or 2.58% from its previous closing of Rs. 207.25 on the BSE.
The scrip opened at Rs. 207.25 and has touched a high and low of Rs. 207.25 and Rs. 198.95 respectively. So far 10150 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 297.65 on 16-Nov-2023 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. 209.00 and Rs. 189.00 respectively. The current market cap of the company is Rs. 3169.97 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 monthly net turnover of Rs 370.05 crore in October 2024, as compare to Rs 395.67 crore in October 2023, recording a decline of 6.48% Year-on-Year (YoY) and achieved Gross turnover of Rs 455.24 crore in October 2024 as compare to Rs 481.41 crore in October 2023, there by recording a decline of 5.44% 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.
