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Steel Strips Wheels secures export orders worth USD 7 25 mn

Steel Strips Wheels secures export orders worth USD 7 25 mn
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Benchmarks trade firm; Nifty above 14,800

Equity indices were trading with strong gains in morning trade. The Nifty traded above the 14,800 mark. Barring the Nifty Auto index, all sectoral indices on the NSE were trading in the green. At 10:28 IST, the barometer index, the S&P BSE Sensex, added 371.26 points or 0.76% at 49,321.73. The Nifty 50 index was up 103.40 points or 0.7% at 14,828.05. In broader market, the S&P BSE Mid-Cap index was up 0.04% while the S&P BSE Small-Cap index was gained 0.47%. The market breadth was strong. On the BSE, 1658 shares rose and 911 shares fell. A total of 133 shares were unchanged. COVID-19 Update: Total COVID-19 confirmed cases worldwide stood at 155,650,258 with 3,251,960 global deaths.

Steel Strips Wheels reports standalone net profit of Rs 44 56 crore in the March 2021 quarter

Steel Strips Wheels reports standalone net profit of Rs 44 56 crore in the March 2021 quarter
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

SSWL gains after turnaround Q4 results

Revenue from operations increased by 80.8% year-on-year (YoY) to Rs 699.87 crore during the quarter. The company reported a pre-tax profit of Rs 54.09 crore in the fourth quarter as against a pre-tax loss of Rs 1.28 crore in the same period last year. SSWL reported 110% increase in net profit to Rs 49.25 crore on 11.9% rise in revenue from operations to Rs 1749.41 crore in the year ended 31 March 2021 over the year ended 31 March 2020. Steel Strips Wheels (SSWL) is engaged in the manufacturing of steel wheel rims catering to different segments of automobile industry. The firm operates in automotive wheels segment. Its geographical segments include India and overseas.

Indian stocks likely to witness positive momentum as optimism emerge on Covid front

Indian stocks likely to witness positive momentum as optimism emerge on Covid front May 07, 2021 × Stocks to watch out for today: CG Power, Sadbhav Infra, Aurionpro, Cupid, Shri Bajrang Alliance, and Zensar Tech.   Positive momentum is likely to continue for Indian stock markets on Friday, thanks to bullish global cues. SGX Nifty is currently ruling at 14,875 (800 am IST), signals a 100-point gap up opening for Nifty futures, which on Thursday closed at 14,769.95. The US stocks overnight closed strongly higher, with Dow Jones gaining over 300 points and the tech-focused Nasdaq 50 points. Asian stock markets in the morning session too followed suit, as Japan s Nikkei, Korea s Kospi, Taiwan Weighted Index and Australia s ASX are ruling with a gain of between 0.3 per cent and 0.8 per cent.

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