SSWL soars on record sales in September
The stock rallied 14% to Rs 145 on the National Stock Exchange.
Steel Strips Wheels (SSWL) has soared 14% to Rs 145 after the company said its wheel sales rose 9% to one million units in September 2013 on year-on-year basis.
SSWL said that the sales in September 2013 were its highest ever monthly sales. The company had sold 925,000 wheels during a year ago month. Exports grew 107% to 149,280 units in September 2013 over September 2012.
The company enjoys 100% supply to Honda amaze, Hyundai10 Grande, Renault Duster. Few new passenger car business will start by December 2013 where the company enjoys 100% supply will further boost volumes, SSWL said in a press release.
The stock opened at Rs 129 and hit a high of Rs 153 on NSE. A combined 59,000 shares change hands on the counter till 1140 hours on NSE and BSE.
SSWL said that the sales in September 2013 were its highest ever monthly sales. The company had sold 925,000 wheels during a year ago month. Exports grew 107% to 149,280 units in September 2013 over September 2012.
The company enjoys 100% supply to Honda amaze, Hyundai10 Grande, Renault Duster. Few new passenger car business will start by December 2013 where the company enjoys 100% supply will further boost volumes, SSWL said in a press release.
The stock opened at Rs 129 and hit a high of Rs 153 on NSE. A combined 59,000 shares change hands on the counter till 1140 hours on NSE and BSE.