SML Isuzu slides after poor sales in March

SML Isuzu lost 0.81% to Rs 317.95 at 14:08 IST on BSE after the company said its total sales declined 14.89% to 1,337 units in March 2014 over March 2013.

The company announced the sales numbers after market hours on Friday, 4 April 2014.

Meanwhile, the S&P BSE Sensex was down 120.49 points or 0.54% at 22,239.01.

On BSE, so far 275 shares were traded in the counter as against average daily volume of 4,811 shares in the past one quarter.

The stock hit was volatile. The stock lost as much as 9.53% at the day's low of Rs 290 so far during the day. The stock lost 0.76% at the day's high of Rs 318.10 so far during the day. The stock had hit a 52-week low of Rs 214.45 on 8 August 2013. The stock had hit a 52-week high of Rs 355 on 8 August 2013.

The stock had outperformed the market over the past one month till 4 April 2014, surging 18.63% compared with the Sensex's 5.42% rise. The scrip had also outperformed the market in past one quarter, jumping 7.62% as against Sensex's 7.23% rise.

The small-cap company has equity capital of Rs 14.47 crore. Face value per share is Rs 10.

SML Isuzu reported a net loss of Rs 4.42 crore in Q3 December 2013 as against net profit of Rs 1.81 crore in Q3 December 2012. Net sales declined 12.9% to Rs 168.64 crore in Q3 December 2013 over Q3 December 2012.

SML Isuzu makes commercial vehicles for goods and passenger applications.

Powered by Capital Market - Live News