Steel Strips Wheels rose 2.35% to Rs 700.30 at 11:02 IST on BSE after the company said that it secured an order for supplying caravan steel wheels.
The announcement was made during market hours today, 12 January 2017.Meanwhile, the S&P BSE Sensex was up 116.51 points or 0.43% at 27,256.92.
On the BSE, 6,101 shares were traded on the counter so far as against the average daily volumes of 9,091 shares in the past one quarter. The stock had hit a high of Rs 710 and a low of Rs 674 so far during the day.
The stock had hit a record high of Rs 775 on 14 October 2016 and a 52-week low of Rs 284 on 17 February 2016.
The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.
Steel Strips Wheels (SSWL) announced that it bagged another after-market exports order for supplying caravan steel wheels for European Union (EU) trailer market. Total order covers supplies of 62,000 wheels in 3 months. Orders comprise of 13 inch steel wheels to be supplied by the company with shipments starting from February 2017.
Steel Strips Wheels' net profit rose 19.9% to Rs 18.02 crore on 2.8% decline in net sales to Rs 290.95 crore in Q2 September 2016 over Q2 September 2015.
Steel Strips Wheels designs and manufactures automotive steel wheels and is among the leading supplier to Indian and global automobile manufacturers.
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