India's Steel Strips Wheels jumps over 4% on rise in monthly sales

Steel Strips Wheels

03/04/2023 07:35

** Shares of Steel Strips Wheels  STWH.NS  rise as much as
4.63% to 154.80 rupees
    ** Rise comes after the steel wheel rims maker logs a net
turnover of 3.68 bln rupees ($44.67 million) in March 2023, up
0.54% Y/Y
    ** STWH also logs highest ever monthly sales in commercial
vehicles segment in March while tractor segment and alloy
segment saw an uptick of 39% and 23%, respectively
    ** Trading volume is 118,677 shares as of 11:55 a.m. IST,
more than the 30-day avg of 102,434 shares - Refinitiv data

($1 = 82.3830 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))