The two companies have signed a memorandum of understanding for the same and will collaborate on EV controllers for two-, three- and four-wheelers, Steel Strip Wheels Ltd said in a regulatory filing.

For the quarter ended June 30, 2022, the company has reported a standalone total income of Rs 1016.11 crore, down 4.92 per cent from last quarter total income of Rs 1068.74 crore and up 49.34 per cent from last year same quarter total income of Rs 680.40 crore.

On September 1, 2020, the Ahmedabad bench of the National Company Law Tribunal (NCLT) admitted the company under the Corporate Insolvency Resolution Process (CIRP). On September 21, 2021, the Committee of Creditors (CoC) approved the resolution plan submitted by the Steel Strips Wheel in the absence of any other viable resolution plan.

The model is available in four variants - Std, Lxi, Vxi, VXi+. There are six colour options - Silky White, Solid White, Granite Grey, Speedy Blue, Earth Gold, and Sizzling Red.

The launch of new Scorpio Classic SUV is a part of the company's plan to maintain the old-generation Scorpio's fan base by continuing to provide it in a new form following the release of the all-new Scorpio-N, which is a very new car overall.

The biggest gainer of the year was Growth Plus Value Strategy of Care Portfolio Managers that delivered 13.5 per cent. Launched over a decade ago, it gives higher weightage to lower valuation multiple, especially from smallcap companies.

Steel Strips Wheels Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 2848.73 Crore) operating in Auto Ancillaries sector.

Steel Strips Wheels Ltd. key Products/Revenue Segments include Wheel Rims, Duty Drawback, Job Work for the year ending 31-Mar-2020.

Among the PMS strategies, minnows from the smallcap segment trounced their better known peers for another month, outlining that all that matters on Dalal Street is picking the right stocks at the right time.

In the BSE 500 index, about 270 stocks ended the week on a negative note while the rest closed with gains. Among the gainers, just 14 counters registered double-digits gain during the week.

Shares of Steel Strips Wheels have been on a roll recently. The scrip has delivered more than 230 per cent in 2021 so far. The counter has jumped 75 per cent in the last one month.

Bonanza Portfolios Value strategy, which invests nearly two-thirds of its money in midcap and smallcap stocks, topped the charts with 14 per cent return for the month. It was followed by Right Horizons Minerva India Under Served, which holds shares like JK Paper, Steel Strips Wheels, Fiem Industries and Zensar Tech.

Rohit Singre, Senior Technical Analyst at LKP Securities, said Niftys immediate supports are seen in the 15,600-15,500 range and below the 15,500 level. We may see good selling pressure," he said.

"Wheels India is planning a capital expenditure of Rs 100 crore that will go into the wind segment where we will be setting up a new plant in Thervoy Kandigai near Chennai.

Reliance Retail will exit direct sale of packaged food, grocery and FMCG goods on its e-commerce platform JioMart.

The share touched its 52-week high of Rs 784 and 52-week low of Rs 317.35 on December 26, 2019 and May 20, 2020, respectively.

SSWL achieved total wheel rim sales of 14.85 lakh in October 2020 versus 10.55 lakh in October 2019 representing a growth of 41% YoY.

Company's alloy wheel and exports sales were at all-time high, as per company release.