 "Steel Strips Wheels hits 52-week high on securing order from Jaguar Land Rover")
Steel Strips Wheels Limited (SSWL) is trading higher by 4% at Rs 391 on the BSE after the company announced that it has secured export order from Jaguar Land Rover (JLR) for an undisclosed amount.
The company will supply to JLR’s UK and one more European facility, SSWL said in a statement.
The wheel will be supplied from the company’s Chennai plant with the first supplies planned to start from February 2016, it added.
The company said it looks forging a strong working relationship with JLR.
The stock hit a 52-week high of Rs 403 on BSE in intra-day trade. A combined 72,037 shares changed hands on the counter on the BSE and NSE till 12:38 PM.
The company will supply to JLR’s UK and one more European facility, SSWL said in a statement.
The wheel will be supplied from the company’s Chennai plant with the first supplies planned to start from February 2016, it added.
The company said it looks forging a strong working relationship with JLR.
The stock hit a 52-week high of Rs 403 on BSE in intra-day trade. A combined 72,037 shares changed hands on the counter on the BSE and NSE till 12:38 PM.