Steel Strips Wheels (SSWL), a producer of automobile wheel rims, witnessed a rise in share price on Monday after it has bagged an export order worth USD 1.5 million approximately for 50k wheels from European Aftermarket segment.

The order will cater passenger car and truck segment and will increase our presence in European Aftermarket segment. SSWL is in advance discussion with various global after market players in Belgium & North America for our portfolio of wheels and further expecting order in next month.

SSWL will start its truck segment exports shortly by the way of this aftermarket supplies.

Shares of Steel Strips Wheels are trading at Rs 271, up Rs 4.4, or 1.65% at the Bombay Stock Exchange (BSE) on Monday at 2:32 p.m.