Steel Strips Wheels soars 25% in 2 days on bagging orders worth Rs 113 cr

In past one month, the stock of SSWL has rallied 81 per cent, as compared to a marginal 0.26 per cent rise in the S&P BSE Sensex

Shares of Steel Strips Wheels (SSWL) hit a 52-week high of Rs 1,350 as they soared 18 per cent on the BSE in intra-day trade on Wednesday, rising 25 per cent in the past two days after the company said it received new orders for over $15 million (Rs 113 crore) from Western Hemisphere.

“SSWL confirms export orders valued over $15 million from Western Hemisphere. SSWL will complete their execution by August 21 from its Chennai and Dappar plants. Orders for a similar capacity are anticipated in coming months from similar customer base as the business continues to recover rapidly," the