Steel Strips Wheels extends gain post February sales

The stock was trading 3% higher at Rs 1,060, extending its Thursday's 1% gain on the BSE in otherwise weak market

Steel Strips Wheels (SSWL) was trading 3% higher at Rs 1,060, extending Thursday’s 1% gain on the BSE in an otherwise weak market, after the company reported 12% year on year (YoY) growth in total wheel rim sales of 1.3 million units in February 2018. It had sold total 1.17 million units during the same month last year.

“The robust growth in February was purely on account of company adding its new truck wheel capacity and all across segments reporting healthy growth run rate,” SSWL said in a press release.

In terms of value, the company has achieved