Steel Strips Wheels Limited (SSWL) has moved higher by 6% to Rs 123 after the company said it has recorded highest ever monthly sale of 971,000 wheels in August 2013 on back of good demand. The auto parts and equipment maker had sold 835,000 wheels in the same month year ago.
The exports of the company more than doubled at 179,940 wheels in August against 74,940 in previous year, SSWL said in a statement.
The company said strong performance is expected to continue with more new export business coming on-stream and ramping up of existing business will result n higher volumes going forward in FY2013-14.
The stock opened at Rs 114 and hit a high of Rs 130 on NSE. A combined around 11,000 shares change hands on the counter till early noon deals on NSE and BSE.
The exports of the company more than doubled at 179,940 wheels in August against 74,940 in previous year, SSWL said in a statement.
The company said strong performance is expected to continue with more new export business coming on-stream and ramping up of existing business will result n higher volumes going forward in FY2013-14.
The stock opened at Rs 114 and hit a high of Rs 130 on NSE. A combined around 11,000 shares change hands on the counter till early noon deals on NSE and BSE.
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