Steel Strips trades in green; secures export orders

 Steel Strips Wheels (SSWL) has bagged an export order for supply of 20,000 steel wheels for EU aftermarket.

The order covers supplies of over 20,000 wheels in a period of 3 months. The wheels are to be dispatched from SSWL’s Chennai plant.
The company expects a repeat order of 10,000 wheels by the end of September 2017.
The stock traded in the positive territory gaining 1.01% at Rs 889.00 per share on BSE.
Meanwhile, the stock on NSE has attracted a traded volume of 9,813 shares and a traded value of Rs 87.48 lakh.
On a yearly basis, the stock has outperformed BSE Small-cap index by 52.73%.
Steel Strips Wheels Limited is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The company operates in automotive wheels segment. Its geographical segments include within India and outside India. 
Stock view:
Steel Strips Wheels Ltd is currently trading at Rs 892, up by Rs 11.85 or 1.35% from its previous closing of Rs 880.15 on the BSE.
The scrip opened at Rs 881 and has touched a high and low of Rs 896.4 and Rs 881 respectively. So far 18022(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1369.19 crore.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 956.6 on 12-Jun-2017 and a 52 week low of Rs 467 on 19-Jul-2016. Last one week high and low of the scrip stood at Rs 897 and Rs 859.95 respectively.
The promoters holding in the company stood at 58.77 % while Institutions and Non-Institutions held 0.74 % and 40.5 % respectively.
The stock is currently trading above its 50 DMA.

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