You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

SSWL hits record high

Capital Market 

rose 3.53% to Rs 759 at 11:49 on after the company announced substantial increase in order for supply of steel wheels for VW Argentina's requirements.

The announcement was made during market hours today, 14 October 2016.

Meanwhile, the S&P Sensex was up 31.19 points or 0.11% at 27,674.30.

On BSE, so far 8,550 shares were traded in the counter as against average daily volume of 13,319 shares in the past one quarter. The stock hit a high of Rs 775 so far during the day, which is a record high for the counter. The stock hit a low of Rs 744.40 so far during the day. The stock had hit a 52-week low of Rs 284 on 17 February 2016. The stock had outperformed the market over the past one month till 13 October 2016, surging 29.55% compared with 2.51% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 52.69% as against Sensex's 0.62% fall.

The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.

Steel Strips Wheels' (SSWL) total increase is from original order of 7,000 wheels to about 34,000 wheels in the shipment period of October 2016 to March 2017. This is due to higher proliferation of the steel wheels usage per vehicle at VW's plant in and is expected to prevail in future. These additional orders will result in additional forex earnings of more than $600,000 for the stated shipment period.

Net profit of rose 53.1% to Rs 18.60 crore on 11.2% rise in net sales to Rs 325.40 crore in Q1 June 2016 over Q1 June 2015.

SSWL designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

SSWL hits record high

Steel Strips Wheels rose 3.53% to Rs 759 at 11:49 IST on BSE after the company announced substantial increase in exports order for supply of steel wheels for VW Argentina's requirements.

rose 3.53% to Rs 759 at 11:49 on after the company announced substantial increase in order for supply of steel wheels for VW Argentina's requirements.

The announcement was made during market hours today, 14 October 2016.

Meanwhile, the S&P Sensex was up 31.19 points or 0.11% at 27,674.30.

On BSE, so far 8,550 shares were traded in the counter as against average daily volume of 13,319 shares in the past one quarter. The stock hit a high of Rs 775 so far during the day, which is a record high for the counter. The stock hit a low of Rs 744.40 so far during the day. The stock had hit a 52-week low of Rs 284 on 17 February 2016. The stock had outperformed the market over the past one month till 13 October 2016, surging 29.55% compared with 2.51% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 52.69% as against Sensex's 0.62% fall.

The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.

Steel Strips Wheels' (SSWL) total increase is from original order of 7,000 wheels to about 34,000 wheels in the shipment period of October 2016 to March 2017. This is due to higher proliferation of the steel wheels usage per vehicle at VW's plant in and is expected to prevail in future. These additional orders will result in additional forex earnings of more than $600,000 for the stated shipment period.

Net profit of rose 53.1% to Rs 18.60 crore on 11.2% rise in net sales to Rs 325.40 crore in Q1 June 2016 over Q1 June 2015.

SSWL designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

SSWL hits record high

rose 3.53% to Rs 759 at 11:49 on after the company announced substantial increase in order for supply of steel wheels for VW Argentina's requirements.

The announcement was made during market hours today, 14 October 2016.

Meanwhile, the S&P Sensex was up 31.19 points or 0.11% at 27,674.30.

On BSE, so far 8,550 shares were traded in the counter as against average daily volume of 13,319 shares in the past one quarter. The stock hit a high of Rs 775 so far during the day, which is a record high for the counter. The stock hit a low of Rs 744.40 so far during the day. The stock had hit a 52-week low of Rs 284 on 17 February 2016. The stock had outperformed the market over the past one month till 13 October 2016, surging 29.55% compared with 2.51% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 52.69% as against Sensex's 0.62% fall.

The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.

Steel Strips Wheels' (SSWL) total increase is from original order of 7,000 wheels to about 34,000 wheels in the shipment period of October 2016 to March 2017. This is due to higher proliferation of the steel wheels usage per vehicle at VW's plant in and is expected to prevail in future. These additional orders will result in additional forex earnings of more than $600,000 for the stated shipment period.

Net profit of rose 53.1% to Rs 18.60 crore on 11.2% rise in net sales to Rs 325.40 crore in Q1 June 2016 over Q1 June 2015.

SSWL designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard