SML Isuzu jumps after reporting strong sales in February

SML Isuzu jumped 15.13% to Rs 1,155 at 15:00 IST on BSE after company's sales surged 119.46% to 981 vehicles in February, 2015 over February, 2014.

The announcement was made after market hours yesterday, 4 March 2015.

Meanwhile, the BSE Sensex was down 66.73 points, or 0.23%, to 29,314.

On BSE, so far 92,360 shares were traded in the counter, compared with an average volume of 15,794 shares in the past one quarter.

The stock hit a high of Rs 1,178.75, also a record high for the stock. The stock hit a low of Rs 1,036.50 so far during the day. The stock hit a 52-week low of Rs 266 on 4 March 2014.

The stock had underperformed the market over the past one month till 4 March 2015, falling 2.27% compared with 1.72% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 10.8% as against Sensex's 2.86% rise.

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

SML Isuzu reported net loss of Rs 2.73 crore in Q3 December 2014 compared with 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.

Sumitomo Corporation, Japan and Isuzu Motors, Japan respectively holds 43.96% and 15% shareholding in the company as at 31 December 2014.

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