Steel Strips Wheels freezes at 10% upper circuit on record turnover in July

The export segment volume rose by 164 per cent YoY and crossed 1,000 million-mark for the first time ever in July 2021

Shares of Steel Strips Wheels Limited (SSWL) were locked in the 10 per cent upper circuit band at Rs 1,508.10 on the BSE on Monday after the company announced it has achieved highest-ever net turnover of Rs 306.12 crore in July 2021. The auto parts and equipment manufacturing company has recorded 177 per cent year-on-year (YoY) growth over July 2020.

The company achieved gross turnover of Rs 372.22 crore in July 2021 as against Rs 132.75 crore in July 2020, thereby recording a growth of 180.39 per cent YoY, SSWL said in a release.

The export segment volume