Steel Strips Wheels Ltd (SSWL) has achieved September 2019 total wheel rim sales or 11.75 Lacs vs 14.59 Lacs in September 2018 representing a de-growth of 19% YoY. The number is lower due to the fact that September was the highest sale figure for SSWL ever. If we see the MoM numbers, the MoM growth in volumes in September is 10%. We expect this MoM improvement sustaining going ahead.
SSWL has achieved gross turnover of Rs 139.89 crs in September 2019 vs 234.48 crs in September 2018, there by recording a de-growth of 40% and achieved Net turnover of Rs 115.71 Crs in September 2019 vs Rs.191.78 Crs in September 2018, recording a de-growth of 40%. The Highest Ever Base effect of September 2019 is the main reason for larger drop. There is a MoM improvement of 10% in September 2019.
Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.781.5 as compared to the previous close of Rs. 779.55. The total number of shares traded during the day was 436 in over 13 trades.
The stock hit an intraday high of Rs. 789.65 and intraday low of 774.65. The net turnover during the day was Rs. 340371.