India's Steel Strips Wheels jumps after quarterly profit surges
Today 08:20
BUZZ-India's Steel Strips Wheels jumps after quarterly profit surges * Shares of Steel Strips Wheels STWH.NS jump 18.5% to 463 rupees
** Alloy and steel wheels maker's Q2 consol profit surges to 1.17 bln rupees ($12.3 mln) vs 355.2 mln rupees year ago
** Q2 consol revenue rose to 19.3 bln rupees from 12.01 bln rupees year ago
** Co plans greenfield manufacturing facility in Maharashtra with estimated outlay of 14 bln rupees
** Trading volume so far at nearly 10 mln shares, over 7x the 30-day average
** YTD, STWH more than doubled
($1 = 94.9500 Indian rupees)
(Reporting by Vijay Malkar)
Recent news on Steel Strips Wheels
See all newsIndia's Steel Strips Wheels jumps after quarterly profit surges
Brief: Steel Strips Wheels Sept-Quarter Consol PAT 1.17 Billion Rupees
Brief: Steel Strips Wheels September Net Turnover Up 52.4% YoY At 6.26 Billion Rupees
Brief: Steel Strips Wheels Re-Appoints Dheeraj Garg As MD
India's Steel Strips Wheels hits record high after August net turnover jumps