SML Isuzu slips after weak monthly sales

SML Isuzu lost 0.57% to Rs 1,255 at 14:42 IST on BSE after total sales dropped 45.46% to 1,052 units in May 2017 over May 2016.

The announcement was made during trading hours today, 1 June 2017.

Meanwhile, the S&P BSE Sensex was up 1.89 points or 0.01% at 31,147.69. The S&P BSE Small-Cap index was up 144.10 points, or 0.96% at 15,224.31.

On the BSE, 4,693 shares were traded on the counter so far as against the average daily volumes of 6,092 shares in the past one quarter. The stock had hit a high of Rs 1,280 and a low of Rs 1,226 so far during the day. The stock had hit a 52-week high of Rs 1,433.85 on 31 August 2016 and a 52-week low of Rs 952 on 31 May 2016.

The stock had underperformed the market over the past one month till 31 May 2017, falling 3.41% compared with 4.1% gains in the Sensex. The scrip also underperformed the market in past one quarter, gaining 1.11% as against Sensex's 8.36% gains. The scrip, however, outperformed the market in past one year, advancing 20.22% as against Sensex's 16.79% gains.

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

SML Isuzu's net profit dropped 46.91% to Rs 8.85 crore on 16.24% growth in net sales to Rs 371.13 crore in Q4 March 2017 over Q4 March 2016.

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 31 March 2017).

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