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Steel Strips Wheels announced that its promoter Sunena Garg has acquired 100,005 equity shares

ICICIdirect Research 25 Sep 2026 DISCLAIMER

News: In a press release, Steel Strips Wheels announced that its promoter Sunena Garg has acquired 100,005 equity shares through open-market purchases on September 23, 2026, taking her direct holding from 3.60% to 3.66%. Following the transaction, the aggregate promoter-group holding increased marginally from 61.15% to 61.21%. This follows Garg’s earlier purchases of 48,000 shares on September 7 and 16,600 shares on September 15, taking her total open-market acquisition in September to 164,605 shares.

View: The continued open-market accumulation by the promoter is a positive qualitative signal of promoter conviction and provides supportive sentiment around the stock. The repeated purchases also reinforce the earlier view on SSWL’s business profile. We would view the development as supportive of investor sentiment. Overall, we have a positive view on SSWL amid powertrain agnostic product profile (no EV risk), healthy volume growth visibility, increasing share of exports & alloy wheel in overall sales mix, consequent rise in margins & return ratios.

Impact: Positive

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