Steel Strips Wheels rose 5.15% to Rs 402 at 9:49 IST on BSE after the company said it received an export order from France.
The announcement was made during trading hours today, 20 April 2016.
Meanwhile, the BSE Sensex was up 127.77 points, or 0.49%, to 25,944.13 .
On BSE, so far 10,000 shares were traded in the counter, compared with an average volume of 6,738 shares in the past one quarter. The stock hit a high of Rs 406 and a low of Rs 387.50 so far during the day. The stock hit a 52-week high of Rs 458 on 28 December 2015. The stock hit a 52-week low of Rs 262.70 on 18 June 2015. The stock had outperformed the market over the past one month till 18 April 2016, rising 16.91% compared with 3.46% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 20.56% as against Sensex's 6.73% rise.
The small-cap company has an equity capital of Rs 15.26 crore. Face value per share is Rs 10.
Steel Strips Wheels (SSWL) said it won an export order for supplying high speed trailer (caravan) steel wheels for the European trailer market. The order comprises of supplying about 28,000 wheels in the next eight months from SSWL's Chennai plant. The order will generate revenues of about 148,000 euros. This order augments SSWL's presence in the highly competitive caravan wheels market. More orders for these wheels are in coming few weeks for the European trailer market, the company said.
Net profit of Steel Strips Wheels rose 62.2% to Rs 15.51 crore on 5.5% growth in net sales to Rs 281.19 crore in Q3 December 2015 over Q3 December 2014.
SSWL designs & manufacture automotive steel wheels and is among the leading supplier to Indian & global automobile manufacturers.
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