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SML Isuzu jumps after reporting decent sales in November

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Capital Market

SML Isuzu jumped 10.89% to Rs 309 at 13:03 IST on BSE after the company said its total vehicle sales rose 11% to 666 units in November 2013 over October 2013.

The company announced the sales numbers during market hours today, 6 December 2013.

Meanwhile, the S&P BSE Sensex was down 6.63 points or 0.03% at 20,951.18.

On BSE, 19,000 shares were traded in the counter as against average daily volume of 4,376 shares in the past one quarter.

The stock was volatile. The stock surged as much as 14.12% at the day's high of Rs 318 so far during the day. The stock lost as much as 0.95% at the day's low of Rs 276 so far during the day.

 

The stock had outperformed the market over the past one month till 5 December 2013, surging 19.16% compared with the Sensex's 0.08% fall. The scrip had, however, underperformed the market in the past one quarter, jumping 6.07% as against Sensex's 10.42% surge.

SML Isuzu's total vehicle sales declined 9.51% to 666 units in November 2013 over November 2012.

SML Isuzu's net profit fell 70.1% to Rs 3.87 crore on 22.9% decline in net sales to Rs 201.51 crore in Q2 September 2013 over Q2 September 2012.

SML Isuzu makes commercial vehicles for goods and passenger applications.

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First Published: Dec 06 2013 | 1:02 PM IST

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