Steel Strips Wheels (SSWL) has bagged new export order for steel wheels for EU Caravan market. Order comprises of over 70,000 Wheels, mix of 13" and 14", to be shipped from it's Chennai plant over next 3 months.
SSWL remains a reliable & leading player in the challenging EU Caravan wheels market.
The stock had outperformed the market over the past one month till Nov. 14, 2018, rising 8.26% compared with the Sensex's 1.18% rise. It outperformed the market in past one quarter, declining 6.80% as against 7.16% fall in the Sensex.
Shares of the company declined Rs 23.6, or 2.17%, to trade at Rs 1,062.05. The total volume of shares traded was 756 at the BSE (3.22 p.m., Thursday).