SML Isuzu hits record high post March sales

The stock rallied 15% to Rs 1,352 after reporting a 33% yoy growth in vehicles sales at 1,772 units in the month of March.

Shares of SML Isuzu has rallied 15% to Rs 1,352 on the National Stock Exchange (NSE) after reporting a 33% year on year growth in vehicles sales at 1,772 units for the month of March 2015. The commercial vehicles maker had sold 1,337 vehicles during the same month last year.

The company sold total 11,759 vehicles during the last financial year 2014-15, a 20% more than 9,760 vehicles sold between April 2013 and March 2014, SML Isuzu said in a statement.

The stock opened at Rs 1,232 and touched a record high of Rs 1,374 on NSE. Till 0959 hours, a combined 154,821 shares changed hands on the counter against an average less than 100,000 shares that were traded daily in past two weeks on the NSE and BSE.