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SSWL — Steel Strips Wheels News Story

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India's Steel Strips Wheels hits record high after August net turnover jumps

BUZZ-India's Steel Strips Wheels hits record high after August net turnover jumps

** Shares of Steel Strips Wheels STWH.NS jump 13.2% to 346 rupees

** Alloy and steel wheels maker's shares hit record high after its August net turnover jumped 53.6% Y/Y to 5.93 bln rupees ($62.5 mln)

** Overall exports for August grew 63% Y/Y

** Stock set to gain for fourth straight session

** Trading vols up over 21x at 17.6 mln shares so far

** YTD, STWH up ~78%


($1 = 94.9350 Indian rupees)


(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

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