SML Isuzu drops on weak November sales

SML Isuzu declined 2.41% to Rs 872.85 at 12:00 IST on BSE after the company said total sales declined 19.97% to 533 vehicles in November 2014 over November 2013.

The company made the announcement during market hours today, 8 December 2014.

Meanwhile, the BSE Sensex was down 73.62 points, or 0.27%, to 28,381.47.

On BSE, so far 4,124 shares were traded in the counter, compared with an average volume of 14,972 shares in the past one quarter.

The stock hit a high of Rs 899 and a low of Rs 867 so far during the day. The stock hit a record high of Rs 1119.10 on 31 October 2014. The stock hit a 52-week low of Rs 245 on 12 February 2014.

The stock had underperformed the market over the past one month till 5 December 2014, falling 9.88% compared with 1.94% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 15.46% as against Sensex's 5.3% rise.

The mid-cap firm has an equity capital of Rs 14.47 crore. Face value per share is Rs 10.

SML Isuzu's net profit fell 9.3% to Rs 3.51 crore on 15.9% rise in total income to Rs 236.63 crore in Q2 September 2014 over Q2 September 2013.

SML Isuzu (SMLI) is a commercial vehicle manufacturer since 1985. Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively holds 43.96% and 15% shareholding in the company respectively as at 30 September 2014.

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