Steel Strips Wheels intra day rose over 8% at Rs.390. It has come off this high but remains up at Rs.376.90, up over 4.5%. It hit a 52-week high is at Rs.395.95.

The market is always happy when promoters hike their stake in the company as it shows further commitment. So naturally, the stock price rose when the company announced that Priya Garg, one of the promoter of Steel Strips Wheels has hiked her stake by half percent (approx) in the company by acquiring 75,000 shares.

With this buy, Ms.Priya Garg' shareholding has been increased to 2.37% (362388 shares) and total promoter and PACs shareholding increased to 58.98% (9000559) of the paid up capital of the Company.