Moneycontrol
Last Updated : May 28, 2020 02:23 PM IST | Source: Moneycontrol.com

Steel Strips Wheels share price rises over 4% on export order win

Company expects to have 5 percent YOY growth in June 2020 in its exports numbers from Chennai plant.

Reuters
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Steel Strips Wheels share price rose 4.5 percent intraday on May 28 after the company won an export order.

The company has bagged firm exports orders for over 25,000 wheels for EU Caravan Trailer & US Mobile Home Market to be executed within July from its Chennai plant.

This marks gradual re-start of operations in EU & US post-COVID lockdown.

Close

Additional orders are expected in coming weeks from several other regular customers as the market begins to recover.

The company expects to have 5 percent YOY growth in June 2020 in its exports numbers from Chennai plant.

At 14:02 hrs, Steel Strips Wheels was quoting at Rs 342.15, up Rs 9.15, or 2.75 percent on the BSE.
First Published on May 28, 2020 02:23 pm
Sections