SML Isuzu gallops to record high after reporting strong sales in March

SML Isuzu jumped 15.3% to Rs 1,360 at 11:31 IST on BSE after company's sales surged 32.53% to 1,772 vehicles in March 2015 over March 2014.

The announcement was made on Saturday, 4 April 2015.

Meanwhile, the BSE Sensex was up 24.04 points, or 0.09%, to 28,284.18

On BSE, so far 67,530 shares were traded in the counter, compared with an average volume of 19,824 shares in the past one quarter.

The stock hit a high of Rs 1,404 so far during the day, also a record high for the stock. The stock hit a low of Rs 1,231 so far during the day. The stock hit a 52-week low of Rs 290 on 7 April 2014.

The stock had outperformed the market over the past one month till 1 April 2015, rising 16.44% compared with 3.75% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 35.44% as against Sensex's 2.74% rise.

The small-cap commercial vehicle manufacturer has an equity capital of Rs 14.47 crore. Face value per share is Rs 10.

SML Isuzu's sales rose 20.48% to 11,759 units in the financial year ended 31 March 2015 over the financial year ended 31 March 2014.

SML Isuzu reported net loss of Rs 2.73 crore in Q3 December 2014, lower than net loss of Rs 4.42 crore in Q3 December 2013. Total income rose 25.1% to Rs 213.50 crore in Q3 December 2014 over Q3 December 2013.

SML Isuzu is a commercial vehicle manufacturer. Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively hold 43.96% and 15% shareholding in the company as at 31 December 2014.

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