Wheels India shares at a high of around 2%: Stocks

Wheels India shares at a high of around 2%: Stocks

Wheels India shares at a high of around 2%: Stocks

New Delhi: To begin with, the shares of Wheels India Ltd. hit a high in the trading session today. The share price of the company increased by 1.76% in the trade. Nearly, 6,239 shares have exchanged hands on the counter.

Initially, the stock started at Rs. 472.00 and reached a high of Rs. 475.40. As well as it reached a low of Rs. 460.90 per equity share as of yet. However, the shares of the company quoted at the 52-week highest value of Rs. 820.95. It also quoted a 52-week lowest value of Rs. 284.15 in the trade so far.

According to the records, the total market capitalization of the company reached Rs. 1,111.78 crores.

On the other side, the company posted its consolidated net sales of Rs. 588.61 crores as of March 2020. Down by 8.32% from the previous quarter, which stood at Rs. 642.01 crores.

Despite this, the net profit for the present quarter stood at Rs. 3.41 crores, down by 83.77% from the same quarter a year ago.

Besides, as of March 2020, the promoters of the company held 43.27% of its stake. Likewise, the FIIs held a 0.006% stake and DIIs held a 16.86% stake.

Moreover, as per the sources, the company shares traded at a price-to-earnings multiple of 22.59. So then, the price-to-book ratio stood at 1.62.

Stock Market Update: 

Stock Market June 30th: On Tuesday, both Sensex and Nifty seem to trade with a bullish trend in the stock market. The Sensex stood trading high with 35,080.43 levels. Thereby, Nifty stood trading up with 10,343.65 levels. The Sensex gained 102.17 points with a 0.27% rise. So then, the Nifty has gained 28.00 points with a 0.27% rise.

On the other hand, the number of confirmed COVID- 19 cases in India reached 5,66,840 as of June 30th, and deaths reached 16,893.

In the border market, the S&P BSE Midcap index reported a bullish trend as well. It gained 49.56 points with a 0.38% hike and reached a 13,123.02 level. The S&P BSE Smallcap index gained 1.18 points with a 0.0095% rise and reached a 12,475.86 level. So then, Nifty Bank also gained 107.30 points with a 0.50% rise and reached 21,481.35 levels.

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