Steel Strips Wheels fell 2.59% to Rs 338.50 at 12:27 IST on BSE, with the stock sliding on profit booking after yesterday's rally triggered by the company securing an export order worth euro 5.8 million from Renault Brazil.
The order was announced during market hours today, 25 February 2015.
Meanwhile, the S&P BSE Sensex was down 101.86 points or 0.35% at 28,906.13.
On BSE, so far 1,814 shares were traded in the counter as against average daily volume of 10,840 shares in the past one quarter.
The stock hit a high of Rs 348.90 and a low of Rs 337 so far during the day. The stock had hit a 52-week high of Rs 395.95 on 19 January 2015. The stock had hit a 52-week low of Rs 124 on 3 March 2014.
The stock had underperformed the market over the past one month till 25 February 2015, sliding 2.13% compared with the Sensex's 0.93% fall. The scrip had, however, outperformed the market in past one quarter, advancing 9.33% as against Sensex's 2.36% rise.
More From This Section
The small-cap automotive steel wheels manufacturer has equity capital of Rs 15.26 crore. Face value per share is Rs 10.
Shares of Steel Strips Wheels (SSWL) had risen 5.43% to settle at Rs 347.50 yesterday, 25 February 2015, after the company during market hours yesterday, 25 February 2015 said it has bagged an export order worth euro 5.8 million for a total supply of 7.60 lakh wheels to Renault Brazil. The order strengthens the exports dominance of SSWL with Renault global, the company said. SSWL's global share of business is steadily increasing with Renault and it hopes to maintain the dominance, SSWL said. This order will cater to both domestic and exports requirement for Renault Global.
SSWL's net profit rose 45.5% to Rs 9.56 crore on 7.2% growth in net sales to Rs 266.65 crore in Q3 December 2014 over Q3 December 2013.
SSWL designs and manufactures automotive steel wheels and is among the leading supplier to Indian & global automobile manufacturers. its product range comprises steel wheels for two and three wheelers, passenger cars, multi utility vehicles, tractors, trucks and OTR vehicles.
Powered by Capital Market - Live News