Steel Strips Wheels jumps on inking alloy wheel supply agreement with leading PV OEM
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Steel Strips Wheels is currently trading at Rs. 229.55, up by 5.50 points or 2.45% from its previous closing of Rs. 224.05 on the BSE.
The scrip opened at Rs. 222.70 and has touched a high and low of Rs. 238.70 and Rs. 222.70 respectively. So far 95533 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. 146.15 on 29-May-2023.
Last one week high and low of the scrip stood at Rs. 238.70 and Rs. 220.20 respectively. The current market cap of the company is Rs. 3609.37 crore.
The promoters holding in the company stood at 60.98%, while Institutions and Non-Institutions held 10.21% and 28.80% respectively.
Steel Strips Wheels (SSWL) has signed alloy wheel supply agreement with a leading Passenger Vehicle (PV) Original Equipment Manufacturers (OEM) in India. This milestone is a testament to its unwavering commitment to pushing the boundaries of innovation and delivering unparalleled value to its customers.
This reaffirms its strong rapport with its customers and its ability to meet and exceed their Aluminum expectations. The company is honored to be recognized by the OEM as a strategic partner for supply of aluminum wheels besides Steel Wheels.
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.
