Steel Strips Wheels Gains On Bagging Orders From US, Europe Shares of the Chandigarh-based wheel rim maker - Steel Strips Wheels Limited (SSWL) - gained as much as 3.53 per cent to hit an intraday high of Rs 717.90.
Updated: April 29, 2021 1:00 pm IST
Shares of the Chandigarh-based wheel rim maker - Steel Strips Wheels Limited (SSWL) - gained as much as 3.53 per cent to hit an intraday high of Rs 717.90 on the BSE after it reported exchanges that it has won an order worth Rs 25 crore from US and Europe for 170,000 wheels. SSWL confirms export orders of over 170,000 wheels for US and EU caravan trailer market; US mobile home and US truck trailer market, Steel Strips Wheels said in a stock exchange filing.
Read more about Steel Strips Wheels extends gain after highest-ever monthly sales in Feb on Business Standard. The stock hit a 52-week high of Rs 774, up 9% in intra-day trade today, and has rallied 22% thus far in March
The company reported net profit of Rs 28.7 crore against Rs 6.3 crore (YoY) for the quarter ending December 2020. Revenue of the company jumped 52.7 percent at Rs 524.5 crore against Rs 343.6 crore (YoY).