SML Isuzu fell 0.99% to Rs 557 after the company said its total sales tumbled 32.8% to 549 units in December 2019 over 817 units in December 2018.
Sequentially, total sales rose 5.37% in December 2019 from 521 units in November 2019.
SML Isuzu's net profit fell 17.2% to Rs 16.66 crore on 4.2% rise in net sales to Rs 471.43 crore in Q2 September 2019 over Q2 September 2018.
The stock trades between its 50 days and 100 days simple moving average placed at 547.97 and 564 respectively. These levels will act as support and resistance in near term.
SML Isuzu is engaged in the business of manufacture of commercial vehicles and spares. The firm produces light and medium commercial vehicles.
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