SML Isuzu surged 5.24% to Rs 1,038.70 at 13:28 IST on BSE after total sales rose 37.3% to 1,929 vehicles in May 2016 over May 2015.
The announcement was made during market hours today, 1 June 2016.Meanwhile, the S&P BSE Sensex was up 112.61 points or 0.42% at 26,780.57
On BSE, so far 33,486 shares were traded in the counter as against average daily volume of 31,133 shares in the past one quarter. The stock hit a high of Rs 1,055.35 and a low of Rs 985.10 so far during the day. The stock had hit a 52-week high of Rs 1,599.90 on 4 August 2015. The stock had hit a 52-week low of Rs 645.50 on 29 February 2016. The stock had underperformed the market over the past one month till 31 May 2016, rising 1.92% compared with Sensex's 4.14% gains. The scrip, however, outperformed the market in past one quarter, gaining 48.12% as against Sensex's 15.94% gains.
The small-cap commercial vehicles manufacturer has equity capital of Rs 14.47 crore. Face value per share is Rs 10.
SML Isuzu's net profit rose 30.8% to Rs 16.67 crore on 1.1% fall in total income to Rs 320.37 crore in Q4 March 2016 over Q4 March 2015.
SML Isuzu is a commercial vehicle manufacturer. Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively held 43.96% and 15% stake in SML Isuzu (as per the shareholding pattern as on 31 March 2016).
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