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SSWL posts 83% yoy growth in net sales turnover in Nov 2021; Stock hits 5% upper circuit

Exports sales crew by 287% yoy and truck sales up 82% yoy; 2 & 3 wheelers sales declined by 39% yoy.

December 01, 2021 12:40 IST | India Infoline News Service
Steel Strips Wheels
Steel Strips Wheels Limited (SSWL) achieved a Net turnover of Rs291,93cr in November 2021 compared to Rs158.95cr in November 2020, recording a growth of 83.29% yoy and achieving a Gross turnover of Rs343,51cr in November 2021 against Rs193.10cr in November 2020, thereby recording a growth of 74.30% yoy.

Exports sales grew 287% yoy, and truck sales saw a rise of 82% yoy. The company also posted 47% yoy increases in the sale of Passenger cars. Tractor sales grew 8% yoy.

The company however saw a 39% yoy dip in 2 & 3 wheelers sales.

The company stock was bullish on Wednesday and hit 5% upper circuit. At around 12.42 pm, Steel Strips Wheels Ltd was trading at Rs784.40 per piece up by Rs37.3 or 4.99% from its previous closing of Rs747.10 per piece on the BSE.

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Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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