/ Steel Strips Bags Yet Another Order For Wheels ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 3 May 2017

Steel Strips Wheels surged as much as 2% at 917 levels on bagging one more export order to supply steel wheels for EU Caravan market. The stock hit an intraday high of 929 levels and a low of 891.

However, on daily basis, stock maintains consolidation and tries to recover after a fall in the previous session. The said order is for the supply of nearly 19000 wheels with mix of 13’’ and 14’’ steel wheels in a period of 3 months. The wheels will be manufactured and shipped from May 2017 from the Chennai plant.

The order is a repeat order and would help strengthen company’s strong position as a Caravan wheels manufacturer in the European markets. The prior order was received on April 21, 2017, for the supply of 23500 wheels in a period of 2 months.

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