Steel Strips Wheels tumbles 10% on Q3 results

The net profit for the quarter was at Rs. 15.5 crore

Steel Strips Wheels Ltd stock was lower by 10% at Rs.334 after company posted Q3 results.

The net profit for the quarter was at Rs. 15.5 crore

The total income was at Rs.313.8 crore.

The scrip opened at Rs. 366 and has touched a high and low of Rs. 366 and Rs. 327 respectively. So far 271865(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 565.05 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 458 on 28-Dec-2015 and a 52 week low of Rs. 254.5 on 27-Mar-2015. Last one week high and low of the scrip stood at Rs. 432 and Rs. 367.7 respectively.

The promoters holding in the company stood at 58.38 % while Institutions and Non-Institutions held 0.66 % and 40.96 % respectively.

The stock is currently trading above its 50 DMA.