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Steel Strips Wheels zooms 20% on heavy volumes

On November 21, Priya Garg, one of the promoters bought 3,370 equity shares of the company through open market.

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SI Reporter Mumbai
Steel Strips Wheels has locked in upper circuit of 20% at Rs 351 on National Stock Exchange (NSE) on back of heavy volumes. 
At 1438 hours, a combined 324,914 shares changed hands against an average sub 25,000 shares that were traded daily in past two weeks. There are pending buy orders for 38,920 shares on NSE and BSE.

According to disclosure made to stock exchanges, Steel Strips Wheels said that Priya Garg, one of the promoters purchased 3,370 equity shares of the company through open market on Friday, November 21, 2014.

Post acquisition, total promoters holding in the company increased to 57.65% from 57.63%. As of September 30, 2014, the promoters held 57.49% stake, the shareholding pattern data shows.
 
 

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First Published: Nov 24 2014 | 2:46 PM IST

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