The company announced the export order win during trading hours on Thursday, 12 November 2009, when the stock had jumped 4.99% to Rs 96.75.
Meanwhile, the BSE Sensex was up 129.74 points, or 0.78%, to 16,823.32.
On BSE, 13,686 shares were traded in the counter as against an average daily volume of 34,749 shares in the past one quarter.
The stock hit a high of Rs 100.95 and a low of Rs 97 so far during the day. The stock had hit a 52-week high of Rs 106.80 on 25 September 2009 and a 52-week low of Rs 32.25 on 11 February 2009.
The stock has risen 29.45% in six trading sessions from a recent low of Rs 77.25 on 5 November 2009.
The small-cap stock had outperformed the market over the past one month till 12 November 2009, rising 11.66% as compared to the Sensex's 1.94% fall. It had also outperformed the market in the past one quarter, surging 57.19% as compared to the Sensex's return of 11.16%.
The company's equity capital is Rs 13.62 crore. Face value per share is Rs 10.
The current price of Rs 100 discounts the company's Q2 September 2009 annualized EPS of Rs 13.28, by a PE multiple of 7.53.
The company said it has been nominated as the supplier by Renault for supplying steel wheels rims for Renault's green field car project coming up in Tanger, Morocco.
Steel Strips Wheels will start supplying steel wheel rims to Renault's Morocco project from the last quarter of 2011 from its Chennai plant and expects to supply more than three million wheel rims in five years. This will lead to earning of nearly 28 million euro to the company.
Steel Strips Wheels had on 10 November 2009 secured an export order worth Rs 7.90 crore from Renault for supply of 1.80 lakh steel wheel rims per annum.
In early October 2009, the company had received an order from Renault for supply of 19,008 steel wheel rims.
Steel Strips Wheels' net profit surged 35.6% to Rs 4.34 crore on 0.7% rise in net sales to Rs 96.67 crore in Q2 September 2009 over Q2 September 2008.
The company is engaged in manufacturing wheel rims. The company caters largely to the two-wheeler industry.
Promoters have pledged more than 43.76 lakh shares representing 33.49% of the equity capital of the company. Total promoter shareholding in the company is 52.01% (as on 30 September 2009).