Steel Strips Wheels Ltd receives export order of over 63,000 wheels
Posted On: 2021-01-07 00:50:14 (Time Zone: Arizona, USA)
Steel Strips Wheels Ltd (SSWL) has received export orders of over 63,000 wheels to be executed in the month of Jan & Feb 21 from its Chennai & Dappar plants. The new order is valued at USD 0.630 million (Rs. 4.62 crore).
Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.581.3 as compared to the previous close of Rs. 575.4. The total number of shares traded during the day was 3509 in over 292 trades.
The stock hit an intraday high of Rs. 586.15 and intraday low of 573.5. The net turnover during the day was Rs. 2028134.
Moneycontrol Pro Weekender | The Year of the Phoenix
Many believe that the recovery, although slow, is likely to surprise on the upside
Representative image | Source: Pixabay
Dear Reader,
As we start the New Year, expectations are high that now that we have a vaccine, 2021 will be the year when the world economy rises like a phoenix from the ashes of 2020.
While that may be true, what matters is the speed of the resurrection. The current belief is that the recovery, although slow, is likely to surprise on the upside. The Bloomberg Commodity Index, for example, is now at levels last seen in January 2020, in anticipation of the reflation trade.
Steel Strips Wheels Ltd reports 13% YoY growth in sales for December 2020
Posted On: 2021-01-01 00:48:31 (Time Zone: Arizona, USA)
Steel Strips Wheels Ltd (SSWL) has achieved December 2020 total wheel rim sales of 13.46 Lacs Vs 11.94 Lacs in December 2019 representing a growth of 13% YoY.
SSWL has achieved gross turnover of Rs 229.19 Crs in December 2020 Vs 153.78 Crs in December 2019, there by recording a growth of 49 % YOY and achieved Net turnover of Rs.187.59 Crs in December 2020 Vs Rs.127.03 Crs in December 2019, recording a growth of 48%.
- Alloy Wheel segment post highest ever sales in December 2020
- Alloy wheel sales grew by 481 % by Volume
- Tractor Sales grew by 69 % in December 2020
Steel Strips Wheels Ltd board to approve Q3 results on Jan 12, 2021
Posted On: 2021-01-01 00:45:57 (Time Zone: Arizona, USA)
A meeting of the Board of Directors of Steel Strips Wheels Ltd (SSWL) is scheduled to be held on Tuesday, the 12th day of January 2021, to consider and approve the Un-Audited Financial Results of the Company for the quarter and nine months ended 31.12.2020.
The Trading Window for dealing in the securities of the Company has been closed with effect from 01st January, 2021 and would remain closed until 48 hours after the announcement of the Un-Audited Financial results of the Company for the quarter and nine months ended 31.12.2020.