Steel Strips Wheels is currently trading at Rs. 197.95, up by 8.50 points or 4.49% from its previous closing of Rs. 189.45 on the BSE.
The scrip opened at Rs. 190.60 and has touched a high and low of Rs. 204.95 and Rs. 190.00 respectively. So far 2,720 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 302.00 on 05-Jul-2011 and a 52 week low of Rs. 162.00 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs.204.95 and Rs. 183.00 respectively. The current market cap of the company is Rs. 293 crore.
The promoters holding in the company stood at 52.68% while Institutions and Non-Institutions held 2.75% and 44.57% respectively.
Steel Strips Wheels (SSWL) has registered a growth of 13.95% by achieving gross sale of Rs 28,041 lakh during quarter ended June, 2012 from Rs 24,609 lakh in June, 2011. The net sales of the company have also increased to Rs 25,423 lakh during quarter ended June, 2012 from Rs 22,647 lakh in the same period of last year, recording a growth of 12.26%.
The company has achieved gross sales of Rs 7,856 lakh during in the month June, 2012 as against Rs 8,392 lakh in June, 2011. The net sales of the company are Rs 7,165 lakh for the month under review as against Rs 7,755 lakh in Jun, 2011.
In terms of number of wheel rims, the company has sold 7.69 lakh steel wheel rims during June, 2012 as against 8.58 lakh in June, 2011. Further, the company has also achieved the export sales of 1, 42,586 wheel rims for the month under review as against 1, 36,299 wheel rims during the month of June, 2011.
The company is a part of Steel Strips Group, headquartered in Chandigarh. It is engaged in the manufacturing of single piece steel wheel rims in the range of 10 to 30 inches for scooters, passenger cars, utility vehicles and tractors.
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