India's Steel Strips Wheels falls after June net turnover drop
01/07/2025 08:38
** Steel Strips Wheels STWH.NS shares drop 4.3% to 262.25 rupees ** Wheel maker's June net turnover declines 2.1% Y/Y to 3.51 bln rupees ($41 mln), gross turnover down 1.8% Y/Y ** Export sales declined during June as customers deferred shipments amid U.S. tariff policy uncertainties ** Passenger and 2-wheeler and 3-wheeler electric vehicles segments contracted due to rare earth material supply concerns ** Trading volume at 519,310, 1.1x 30-day average ** STWH up ~33% YTD ($1 = 85.6090 Indian rupees) (Reporting by Vijay Malkar) ((VijayDattaram.Malkar@thomsonreuters.com;))
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