SML Isuzu gains on strong December sales

SML Isuzu rose 2.57% to Rs 920.25 at 10:00 IST on BSE after the company said its sales surged 62.57% to 1,073 vehicles in December 2014 over December 2013.

The announcement was made after market hours on Monday, 5 January 2015.

Meanwhile, the BSE Sensex was down 569.46 points, or 2.05%, to 27,272.86.

On BSE, so far 14,478 shares were traded in the counter, compared with an average volume of 14,414 shares in the past one quarter.

The stock hit a high of Rs 941 and a low of Rs 893.55 so far during the day. The stock hit a record high of Rs 1,119.10 on 31 October 2014. The stock hit a 52-week low of Rs 245 on 12 February 2014.

The stock had outperformed the market over the past one month till 5 January 2015, rising 0.31% compared with 2.16% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 17.6% as against Sensex's 4.8% rise.

The mid-cap commercial vehicle manufacturer 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.

Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively holds 43.96% and 15% shareholding in the company as at 30 September 2014.

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