SML Isuzu gains after declaring rise in vehicle sales in January

SML Isuzu rose 2.11% to Rs 977 at 11:06 IST on BSE after total sales rose 8.69% to 838 vehicles in January 2016 over January 2015.

The announcement was made after market hours yesterday, 1 February 2016.

Meanwhile, the S&P BSE Sensex was down 18.72 points or 0.08% at 24,806.11

On BSE, so far 12,256 shares were traded in the counter as against average daily volume of 17,707 shares in the past one quarter. The stock hit a high of Rs 994 and a low of Rs 970 so far during the day. The stock had hit a record high of Rs 1,670 on 8 April 2015. The stock had hit a 52-week low of Rs 872 on 10 February 2015. The stock had underperformed the market over the past one month till 1 February 2016, sliding 22.38% compared with 5.11% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 28.18% as against Sensex's 6.87% fall.

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 81.2% to Rs 6.36 crore on 15.3% growth in net sales to Rs 267.06 crore in Q2 September 2015 over Q2 September 2014.

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 September 2015).

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