This auto ancillary company's stock has zoomed 132% in two months

Shares of Steel Strips Wheels were locked in the 5 per cent upper circuit band at Rs 1,788.40 on the BSE today

Shares of Steel Strips Wheels (SSWL) were locked in the 5 per cent upper circuit band at Rs 1,788.40 on the BSE on Wednesday, having gained 6 per cent in two days, after the company signed memorandum of understanding (MOU) for over $105 million (Rs 800 crore) from Western Hemisphere.

“SSWL has signed an MoU for close to $105 million from Western Hemisphere which would cover supply of Steel and Aluminum wheels for a minimum period of 3 years," the company said in exchange filing on Monday, August 23, 2021.

The supplies of steel wheels will begin from