Steel Strips Wheels consolidated net profit declines 13.92% in the June 2024 quarter

Upcoming results: Bajaj Finance, DCM Shriram, Heritage Foods, Hindustan Unilever, ICICI Prudential, ICRA, Indoco Remedies, ICICI Securities, Kajaria Ceramics, Mahindra and Mahindra Financial Services, Schaffler India, Sharda Cropchem, SRF, Steel Strips Wheels, Thyrocare Technologies, Torrent Pharmaceuticals, and United Spirits.

Stock Alert: Reliance Industries, Cyient DLM, Zensar Tech, Suzlon Energy, Federal Bank, Gensol Engineering

New products to help in revenue and margin growth.

Steel Strips Wheels - Steady Core And Expanding Opportunities: Prabhudas Lilladher

Axis Securities assigns a Buy on the stock of Steel Strips Wheels

Broker’s Call: Steel Strips Wheels (Buy)

Steel Strips Wheels Ltd. promoters reduce pledged equity shares from 8.70% to 5.78%. Share price rises 2.60% to Rs 205.40. Promoters indicate further de-pledging in future.

Steel Strips Wheels Ltd: Promoters reduce pledged shares

Net profit in the April to June quarter fell 1.1 percent to Rs 47.5 crore year-on-year, said the company in an exchange filing dated July 12.

Steel Strips slips 10% after reduced net profit numbers

Here are the estimates for the earnings by major companies scheduled to be announced today.

TCS, HCL Technologies, Anand Rathi Wealth, Steel Strips Q1 Results Today — Earnings Estimates

Multibagger stock: An amount of Rs 1 lakh invested in the shares of Steel Strips Wheels three years ago would have turned into Rs 4.64 lakh today. In comparison, Sensex has risen 79.04 per cent during the period.

Multibagger wheel stock hit record high; crossed Rs 200 mark for first time

ICICI Direct is bullish on Steel Strips Wheels recommended buy rating on the stock with a target price of Rs 260 in its research report dated June 26, 2023.

Buy Steel Strips Wheels; target of Rs 260: ICICI Direct

SSWL is looking to expand its presence in alloy wheel with global passenger car segment customer

Steel Strips Wheels hits record high, surges 9% on healthy growth outlook

Steel Strips Wheels stock, which closed at Rs 39.51 on April 30, 2020 rose to a high of Rs 164 on the BSE today, amounting to a rally of 315% during the period.

Rs 39 to Rs 164: This wheel stock turned into a multibagger in three years

Hasn't fared well - amongst the low performers

Performance

Undervalued compared to the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Steel Strips Wheels Limited is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry.

Steel Strips Wheels Ltd