Steel Strips Wheels is currently trading at Rs. 396.65, up by 4.55 points or 1.16% from its previous closing of Rs. 392.10 on the BSE.
The scrip opened at Rs. 392.70 and has touched a high and low of Rs. 398.95 and Rs. 388.50 respectively. So far 2879 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 821.80 on 08-Jul-2019 and a 52 week low of Rs. 317.35 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 410.00 and Rs. 365.80 respectively. The current market cap of the company is Rs. 618.37 crore.
The promoters holding in the company stood at 62.85%, while Institutions and Non-Institutions held 1.02% and 36.14% respectively.
Steel Strips Wheels (SSWL) is expecting that the July to September quarter will report highest ever Tractor sales on the back of very strong farm segment activity. The company expects tractor segment to report double digit growth and good accretive in EBIDTA to the Q2 financials.
The company expects to gain material market share in tractor segment in this financial year backed by improved delivery performance across all the customers. The capacity utilization of the segment will be operating at 105-107% and is expected to carry on going ahead into balance FY20-21.
SSWL is a part of the 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. It supplies rims to almost all major manufacturers of two wheelers, three wheelers, four wheelers, tractors and heavy commercial vehicle.