India's Steel Strips Wheels rises on strong Dec sales
02/01/2023 06:55
** Shares of Steel Strips Wheels Ltd STWH.NS up as much as
3.5% to 164.95 rupees, their highest since Dec. 21, 2022
** The vehicle wheels and rims maker on Monday reported a
~43% YoY growth in its December sales turnover
** Gross sales turnover rose 45% YoY in December
** Stock trading above its 50-day, 100-day and 200-day
simple moving avgs for the first time since Dec. 19
** Over 112,000 shares change hands by 12:08 a.m. IST, 0.9x
30-day moving avg
** Stock fell 7.5% last year
(Reporting by Kashish Tandon in Bengaluru)
((Kashish.tandon@thomsonreuters.com))
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