Steel Strips Wheels extends gain post February sales

Steel Strips Wheels (SSWL) turned into trading 3% higher at Rs 1,060, extending Thursday’s 1% gain on the BSE in an in any other case susceptible marketplace, after the business enterprise said 12% yr on 12 months (YoY) increase in total wheel rim income of 1.3 million units in February 2018. It had offered total 1.17 million gadgets during the same month final 12 months.

“The sturdy boom in February changed into only attributable to agency including its new truck wheel potential and all across segments reporting wholesome growth run price,” SSWL said in a press release.
In phrases of cost, the employer has executed 57% YoY jumped in gross turnover at Rs 1,937 million in February 2018 against Rs 1,230 million in February 2017.

SSWL on Wednesday, February 28, knowledgeable the inventory exchanges that it had bagged some other clean exports order for its new truck wheels plant in Chennai.