SML Isuzu inches up after good monthly sales

SML Isuzu was up 0.54% to Rs 1,334.40 at 13:57 IST on BSE after the company said its total sales rose 22.8% to 963 units in October 2016 over October 2015.

The company announced the monthly sales volume data during market hours today, 1 November 2016.

Meanwhile, the S&P BSE Sensex was up 85.48 points or 0.31% at 28,015.69.

On BSE, so far 25,000 shares were traded in the counter as against average daily volume of 17,875 shares in the past one quarter. The stock hit a high of Rs 1,363 and a low of Rs 1,317.05 so far during the day. The stock had hit a 52-week high of Rs 1,433.85 on 31 August 2016. The stock had hit a 52-week low of Rs 645.50 on 29 February 2016. The stock had outperformed the market over the past one month till 30 October 2016, advancing 4.6% compared with 0.23% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 5.37% as against Sensex's 0.43% fall.

 

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

SML Isuzu's net profit rose 41.5% to Rs 41.12 crore on 21.1% rise in net sales to Rs 461.64 crore in Q1 June 2016 over Q1 June 2015.

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 30 June 2016).

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