The Auto Ancillary and component maker SSWL has been dancing to the tune of the greener market. SSWL share price went overboard rising around 12% in today’s trade. The stock opened at Rs. 519 after its previous close of Rs.507.25. The opening price of the stock remained was its intraday low. SSWL share price traded at a new high of Rs. 571 in today’s trade. So far, 1,94,127 shares of SSWL were traded on NSE window, while its average volume for 20 days stands at 45,730 shares.
SSWL has the PE of 11.75 with the promoter’s holding pledge of 5.54 and the debt ratio of 1.14. SSWL share price has gained since Brexit and Budget. The gain after Brexit stands at 18.46% while that after the budget is 71.34%.
SSWL had reported a flat operating profit at PAT for the quarter ending June 30th, 2016. The company also reported a little rise in its total expenditure and total income resulting in the flat net profit. The earnings per share presented by the company were also without much change.
From among the 1.55 crores of shares floated by the company, Indian promoters hold the biggest chunk of 59.01%. The institutions own 0.55% while the non-institutions hold 40.43% of shares. Among the promoter’s Dheeraj Garg owns 30% of the shares, Malwa Chemex Udyog holds 2.49% stakes, Priya Garg holds 2.45%, DHG marketing has 2.36%, and RK Garg holds 1.89% stakes in the company. Sumitomo Metals (5.49%), Bloomen Flora (3.16%) and Kalink (1.35%) are the non-promoter stakeholders.
Currently, SSWL share price was trading at Rs. 566.45. SSWL is the month’s multibagger picked by Dynamic Levels. For more details on the stock, visit SSWL share price history and SSWL share price forecast page of Dynamic Levels website.
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