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Steel Strips Wheels share price up nearly 10% on order win

Steel Strips Wheels share price up nearly 10% on order win
June 03
16:04 2020

More orders are expected in the coming weeks from several regular customers, the company has said.

Steel Strips Wheels share price rose nearly 10 percent intraday on June 3 after the company bagged an export order.

The company has bagged export orders for more than 8,000 wheels for EU and US Truck Trailer Market to be executed in June and July from its Chennai Truck Wheels plant.

More orders were expected in the coming weeks from other regular customers, the company said.

This order will support a gradual ramp-up of production at the company’s Chennai plant after the coronavirus shutdown.

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At 1454 hours, Steel Strips Wheels was quoting at Rs 378.05, up Rs 22.70, or 6.39 percent, on the BSE.

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First Published on Jun 3, 2020 03:13 pm

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