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SML Isuzu gains after strong sales in September

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Capital Market

SML Isuzu rose 2.24% at Rs 819 at 14:17 IST on BSE after the company said its total sales jumped 53.56% to 926 units in September 2014 over September 2013.

The announcement was made during market hours today, 8 October 2014.

Meanwhile, the S&P BSE Sensex was down 51.46 points or 0.2% at 26,220.51.

On BSE, so far 8,675 shares were traded in the counter as against average daily volume of 15,000 shares in the past two weeks.

The stock was volatile. The stock rose as much as 2.36% at the day's high of Rs 820 so far during the day. The stock lost as much as 1% at the day's low of Rs 793 so far during the day.

 

SML Isuzu's net profit jumped 129.4% to Rs 23.42 crore on 19% rise in sales to Rs 336.46 crore in Q1 June 2014 over Q1 June 2013.

SML Isuzu is a commercial vehicle manufacturer. It has over 25 years of experience in producing light & medium commercial vehicles.

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First Published: Oct 08 2014 | 2:14 PM IST

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