SML Isuzu touches roof on reporting 37% rise in December sales
SML Isuzu is currently trading at its upper limit of Rs. 810.50, up by 135.05 points or 19.99% from its previous closing of Rs. 675.45 on the BSE.
The scrip opened at Rs. 676.95 and has touched a high and low of Rs. 810.50 and Rs. 676.95 respectively. So far 4577 shares were traded on the counter.
The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 887.80 on 07-Oct-2022 and a 52 week low of Rs. 470.90 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 810.50 and Rs. 625.00 respectively. The current market cap of the company is Rs. 1172.93 crore.
The promoters holding in the company stood at 43.96%, while Institutions and Non-Institutions held 1.76% and 54.28% respectively.
SML Isuzu has sold 959 vehicles in December 2022 against 701 vehicles in December 2021, showing a rise of 36.80%. Besides, the company has sold 8549 units in April to December 2022 as against 4706 units in April to December 2021, showing a rise of 81.66%.
On segment-wise, in December 2022, the company’s passenger vehicles sales stood at 570 units, up 161.47% yoy. However, cargo vehicles sales were at 389 units, falling by 19.46% yoy.
SML Isuzu manufactures a range of vehicles such as trucks, buses and ambulances. The company has launched products like 4WD, Samrat, Sartaj, Dual Cab, Supreme-8 tonner, Truck- Super 12, Super ALFD and many more.
Source : Accord Fintech