SSWL drops 8% after Q2 numbers

India Infoline News Service | Mumbai | October 17, 2016 16:52 IST

The company reported 20% jump in its net profit in the September quarter at Rs 18.02 crore against Rs 15.03 crore a year ago.

Steel Strips Wheels
Steel Strips Wheels Ltd ended at Rs 712, down by Rs 56.4 or 7.34% from its previous closing of Rs 768.4 on the BSE. The company reported its net profit at Rs 18 crore in the quarter ended September 2016 as against Rs 15 crore during the previous quarter ended September 2015.

The company's sales decreased 2.7% to Rs 291 crore in the quarter ended September 2016 as against Rs 299 crore during the previous quarter ended September 2015.

The scrip opened at Rs 750 and touched a high and low of Rs 750 and Rs 706 respectively. A total of 177111 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1193.6 crore.

The BSE group 'B' stock of face value Rs 10 touched a 52 week high of Rs 775 on 14-Oct-2016 and a 52 week low of Rs 284 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 775 and Rs 701.4 respectively.

The promoters holding in the company stood at 58.77 % while Institutions and Non-Institutions held 0.98 % and 40.25 % respectively.

The stock traded above its 50 DMA.

***Note: This is a NSE Chart

 

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