/ SSWL Registers 2% Turnover Growth In December Led By Favourable Product Mix Of Truck Wheels ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 2 January 2017

SSWL achieved total wheel rim sales of 10.18 lakh over 10.42 lakh in December 2015 representing a YoY contraction of 2%. The impact of demonetisation was well absorbed by the company due to increase in market share with every customer. We expect the 4th quarter to be better as the knee jerk reaction passes away and normalcy will return for the segments with easing cash crunch.

The company has achieved gross turnover of Rs 109.89 crore in December 2016 over 107.60 crore in December 2015. SSWL achieved net turnover of Rs 98.97 crore in December 2016 over Rs 97 crore in December 2015, recording a growth of 2%. The turnover of the company will grow by a minimum 20% going ahead into the last quarter flowing into the next financial year.

Steel Strips Wheels Ltd is currently trading at Rs 623.8, up by Rs 6.1 or 0.99% from its previous closing of Rs 617.7 on the BSE.

The scrip opened at Rs 622.75 and has touched a high and low of Rs 630.25 and Rs 616.25 respectively. So far 21682(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 959.51 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 775 on 14-Oct-2016 and a 52 week low of Rs 284 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 643.95 and Rs 548 respectively.

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