Steel Strips Wheels rose 1.93% to Rs 917.05 at 11:09 IST on BSE after the company said it received additional caravan wheels order from Europe.
The announcement was made during market hours today, 3 May 2017.
Meanwhile, the S&P BSE Sensex was up 21.35 points, or 0.07% at 29,942.53. The S&P BSE Small-cap index was up 45.08 points, 0.29% at 15,465.88.
On the BSE, 2,324 shares were traded on the counter so far as against the average daily volumes of 4,419 shares in the past one quarter. The stock had hit a high of Rs 929 and a low of Rs 891 so far during the day.
The stock had hit a record high of Rs 952.90 on 24 April 2017 and a 52-week low of Rs 379.25 on 30 May 2016. The stock had outperformed the market over the past one month till 2 May 2017, advancing 8.69% compared with the Sensex's 1.02% rise. The scrip had also outperformed the market over the past one quarter advancing 29.81% as against the Sensex's 6% rise.
The small-cap company has equity capital of Rs 15.53 crore. Face value per share is Rs 10.
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Steel Strips Wheels (SSWL) said it bagged yet another exports order for supply of steel wheels for EU caravan market. Total order covers supplies of approximately 19,000 wheels, with mix of 13-inch and 14-inch steel wheels, in a period of 3 months. Wheels will be shipped from SSWL's Chennai plant beginning this month. This repeat order strengthens SSWL's position as a strong player in caravan wheels market in Europe region.
Steel Strips Wheels' net profit fell 11.8% to Rs 13.68 crore on 19.2% increase in net sales to Rs 335.17 crore in Q3 December 2016 over Q3 December 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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