Steel Strips Wheels has soared on the bourses after bagging an export order from Russia. The stock is quoting at Rs 188, stronger by Rs 10 or 5.7%, on the BSE.
The order is worth Rs 30000 wheels and will cater to the passenger car segment in Russia, the company said in a filing to the BSE. The order will cater to the Russian after-market demand and open up an opportunity for the company to increase its foothold in the export markets, Steel Strips added.
The stock opened at Rs 177 and have touched a high of Rs 196 and a low of Rs 177 thus far.