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Steel Strips Wheels share price gains 3% on export orders

The share touched a 52-week high of Rs 776.10 on March 10, 2021 and a 52-week low of Rs 317.35 onMay 20, 2020.

April 29, 2021 / 12:23 PM IST
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Steel Strips Wheels share price gained more than 3 percent intraday on April 29 after the company received export orders from the US and EU markets.

".... confirms export orders of over 170,000 wheels for US & EU caravan trailer market, US mobile home and US truck trailer market," the company said in a release.

The company will complete the orders by early July from its Chennai and Dappar plants.

Orders of a similar capacity were expected in the coming months from the same customer base as businesses were recovering rapidly, it added.