Steel Strips Wheels extends gain after highest-ever monthly sales in Feb

The stock hit a 52-week high of Rs 774, up 9% in intra-day trade today, and has rallied 22% thus far in March

Shares of Steel Strips Wheels Limited (SSWL) hit their 52-week high level of Rs 774, up 9 per cent on the BSE in intra-day trade on Tuesday. Thus far in March, the stock of auto ancillary company has rallied 22 per cent after it recorded the highest-ever monthly sales in February 2021.

SSWL had achieved a net turnover of Rs 214.45 crore in February 2021, up 55.65 per cent y-o-y. The company has achieved 17 per cent year on year (YoY) growth in wheel rim sales of 1.52 million against 1.30 million in the corresponding month of previous year.