SML Isuzu advances after declaring robust vehicle sales in August

SML Isuzu gained 2.15% to Rs 1,382.30 at 10:45 IST on BSE after total sales rose 12.7% to 1,082 units in August 2016 over August 2015.

The company announced the monthly sales volume data after market hours yesterday, 1 September 2016.

Meanwhile, the S&P BSE Sensex was up 60.09 points or 0.21% at 28,483.57

On BSE, so far 8,866 shares were traded in the counter as against average daily volume of 21,346 shares in the past one quarter. The stock hit a high of Rs 1,397.70 and a low of Rs 1,355.95 so far during the day. The stock had hit a 52-week high of Rs 1,454.50 on 20 October 2015. The stock had hit a 52-week low of Rs 645.50 on 29 February 2016. The stock had outperformed the market over the past 30 days till 1 September 2016, rising 4.8% compared with 2.62% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 28.81% as against Sensex's 5.89% rise.

 

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 41.5% to Rs 41.12 crore on 20.52% rise in total income to Rs 464.19 crore in Q1 June 2016 over Q1 June 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 30 June 2016).

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