SSWL rises over 2% on winning new orders

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Shares of Steel Strips Wheels (SSWL) jumped over 2 per cent on the Bombay Stock Exchange after the company has bagged another exports order for supply of Steel wheels for EU Caravan market. This order covers supplies of around 27,000 steel wheels in a period of 2 months. Wheels will be shipped from the company’s Chennai plant by end of this month, the company said in a filing to the Bombay Stock Exchange.

Following the announcement, shares of the company gained as much as 2.23 per cent to trade at Rs 892.15 apiece on the Bombay Stock Exchange. In a similar fashion, shares of the company were trading 2.63 per cent higher at Rs 893 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 31,660.65, down 231.58 points, or 0.73 per cent, at 11:55 hours.

 

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