Wheels India quoted at the Rs 1,200 level back in June 2018. The stock is currently near Rs 650 and has rallied 50 percent from its March 2023 low of Rs 448

Wheels India Ltd. is trading above its 200 day SMA of 753.0

Wheels India Ltd.

19 May 2023

872.85

1.31%

Wheels India reports Q4 net profit of Rs 24.8 cr, earmarks Rs 200 cr capex

Business Standard

Automobile wheel manufacturer Wheels India Ltd has reported a net profit of Rs 24.8 crore during the quarter ending March 31, 2023, the company said on Friday. During the corresponding quarter of the previous year, it had registered a net profit of Rs 27.9 crore. For the financial year ending March 31, 2023 the company registered net profit of Rs 65.2 crore as against Rs 79.8 crore in the previous year. The board of Wheels India, which met on Thursday, has recommended a final dividend of Rs 3.97 per share. Commenting on the company's financial performance, its MD Srivats Ram said, "We registered significant growth in the air suspension division during FY2023. The CV and Earth Mover Wheel Business also did well in FY23." "Machining of large castings which was commissioned in September 2022 was ramped up towards the end of FY2023," he said. Speaking of the company's outlook, Ram said it has earmarked Rs 200 crore as capital expenditure this year towards ramping up production. The

Wheels India Ltd. is trading below its 30 day SMA of 900.6

Wheels India reports Q4 net profit of Rs 24.8 cr, earmarks Rs 200 cr capex

Moneycontrol | 19 May 2023

Wheels India Ltd.

18 May 2023

872.85

1.31%

Wheels India draws up 200-cr capex for FY24 on favourable growth outlook

Business Line

Wheels India Ltd. is trading above its 200 day SMA of 753.0

Wheels India plans capital expenditure Rs 200 cr to ramp up production

Business Standard | 18 May 2023

Wheels India Ltd.

18 May 2023

872.85

1.31%

to see Rapid results content

Wheels India Ltd.

02 Feb 2023

872.85

1.31%

to see Rapid results content

Wheels India Ltd.

31 Jan 2023, 07:27PM

872.85

1.31%

Wheels India's Q3 net down 29%

Business Line

Wheels India Ltd. is trading below its 30 day SMA of 900.6

Wheels India Ltd.

17 Jan 2023

872.85

1.31%

Wheels India rolls out flow form technology equipped in cast alloy wheel

Moneycontrol

The city-headquartered company recently commenced shipment of the flow forming wheel to the United States and expects to unveil the product soon in the domestic market.

Wheels India Ltd. is trading above its 200 day SMA of 753.0

Is Wheels India Ltd. worth buying?

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Hold 10.34%

60.57% Gain from 52W Low

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