Steel Strips Wheels Ltd (SSWL) has achieved July 2020 total wheel rim sales of 9.25 Lacs Vs 12.59 Lacs in July 2019 representing a de-growth of 27% YoY. SSWL expects to maintain good MoM uptrend to come to Pre-Covid levels by September 2020.
SSWL has achieved gross turnover of Rs 132.75 Crs in July 2020 V182.52 Crs in July 2019, there by recording a de-growth of 27% and achieved Net turnover of Rs.110.35 Crs in July 2020 Vs Rs.154.50 Crs in July 2019, recording a de-growth of 29%.
Alloy Wheel Segment reported its highest Volume sale every for July 2020. Mehsana plant is expected to run at 90% utilization in August 2020 onwards.
Tractor segment remained at almost 100% utilization pace and near all-time high historic trends.
Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.415.5 as compared to the previous close of Rs. 418.75. The total number of shares traded during the day was 3252 in over 280 trades.
The stock hit an intraday high of Rs. 417.5 and intraday low of 407.25. The net turnover during the day was Rs. 1346174.