Steel Strips Wheels Ltd receives new orders from EU and USA

Steel Strips Wheels Ltd (SSWL) has received new orders for truck and caravan trailer market from EU and USA. The order comprises of almost 16,000 steel wheels to be executed in the month of August from its Chennai plant. The revenue thus generated would be a total of 178K Euro. With these repetitive orders & projections from tne customers SSWL is on its way to achieve 25% YOY growth in FY21 in the export segment.

Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.438.95 as compared to the previous close of Rs. 442.9. The total number of shares traded during the day was 2141 in over 267 trades.

The stock hit an intraday high of Rs. 443.05 and intraday low of 436. The net turnover during the day was Rs. 940118.

Source : Equity Bulls

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