Steel Strips Wheels lost 3.62% to Rs 146.35 at 12:31 IST on BSE, with the stock sliding on profit booking after net profit jumped 31.58% to Rs 7.29 crore on 2.95% growth in net sales to Rs 264.82 crore in Q2 September 2013 over Q2 September 2012.
The Q2 result was announced after market hours on Wednesday, 6 November 2013.
Meanwhile, the S&P BSE Sensex was up 226.40 points or 1.08% at 21,121.34.
On BSE, 6,935 shares were traded in the counter as against average daily volume of 6,407 shares in the past one quarter.
The stock was volatile. The stock lost as much as 4.84% at the day's low of Rs 144.50 so far during the day. The stock rose as much as 3.85% at the day's high of Rs 157.70 so far during the day. The stock had hit a 52-week high of Rs 214.40 on 7 January 2013. The stock had hit a 52-week low of Rs 111.50 on 20 August 2013.
The stock had outperformed the market over the past one month till 6 November 2013, surging 10.08% as compared to the Sensex's 4.92% rise. The scrip had also outperformed the market in the past one quarter, jumping 28.8% as compared to the Sensex's 11.54% rise.
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The small-cap company has equity capital of Rs 15.21 crore. Face value per share is Rs 10.
Shares of Steel Strips Wheels had surged 8.19% to settle at Rs 151.85 on Wednesday, 6 November 2013.
Steel Strips Wheels manufactures automotive steel wheels since 1991. Its product range comprises wheels for passenger cars, multi utility vehicles, tractors, trucks, as well as two and three wheelers. It currently has three production facilities. It mainly produces passenger car wheels in Dappar (Chandigarh) and Oragadam (Chennai) and truck wheels in Jamshedpur
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