Steel Strips Wheels (SSWL), a producer of automobile wheel rims, surged on Friday after it bagged its maiden export order from Russian territory.
The order will cater to the Russian after-market demand and this order will open up opportunity for SSWL to increase foothold in export markets. The order is worth 30,000 wheels and will cater to passenger car segment.
Shares of the company are trading at Rs 186.85, up Rs 8.35, or 4.68% at the Bombay Stock Exchange (BSE) on Friday at 12:06 p.m.
The scrip has touched an intra-day high of Rs 196 and low of Rs 177.50. The total volume of shares traded at the BSE is 27,105.
In the earlier session, the shares lost 1.44%, or Rs 2.6, at Rs 178.50. Currently, the stock is trading all time 52-week high, which is above 67.58% over the 52-week low of Rs 111.50.