SSWL has achieved November 2019 total wheel rim sales of 12.52 Lacs Vs 12.78 Lacs in November 2018 representing a de-growth of 2% YoY. The MoM growth in November 2019 was 19% and we expect the momentum will continue based on Good exports and Mehsana alloy wheel segment contribution.
SSWL has achieved gross turnover of Rs 151.88 Crs in November 2019 Vs 204.52 Crs in November 2018, there by recording a de-growth of 26% and achieved Net turnover of Rs.125.46 Crs in November 2019 Vs Rs.172.52 Crs in November 2018, recording a de-growth of 27%. The revenue also saw a very good MoM improvement of 20% and we see the revenue number further catching up pace with more contribution coming from Mehsana Plant going ahead into balance period of the Financial year.
Passenger Car: +13%
2 & 3 Wheelers: +9%
Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.770.55 as compared to the previous close of Rs. 769.6. The total number of shares traded during the day was 100 in over 9 trades.
The stock hit an intraday high of Rs. 770.55 and intraday low of 769. The net turnover during the day was Rs. 76985.