SML Isuzu Soars Over 4% On The Back Of Robust Monthly Sales

SML Isuzu’s stocks are riding the bull, soaring over 4% on BSE, trading at Rs 1347 per share. SML Isuzu has posted robust sales figures for March  2017, which stood at 2094 units, a growth of 26.4%  as compared to 1656 units in 2015-16.

For the full year (April – March) sales figure for 2016-17 stood at 15184 units  as compared to 12700 units in 2015-16, growth of 19.6%. The stock has outperformed S&P BSE Small Cap index and BSE Auto Index on a yearly basis.

SML Isuzu Limited, formerly Swaraj Mazda Limited, is engaged in the business of manufacture of commercial vehicles and spares. The Company produces light and medium commercial vehicles.

SML ISUZU Ltd is currently trading at Rs 1342.5, up by Rs 55.35 or 4.3% from its previous closing of Rs 1287.15 on the BSE.

So far 116892(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1862.51 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1433.85 on 31-Aug-2016 and a 52 week low of Rs 769.9 on 01-Apr-2016. Last one week high and low of the scrip stood at Rs 1334.55 and Rs 1218 respectively.

The promoters holding in the company stood at 43.96 % while Institutions and Non-Institutions held 7.53 % and 48.51 % respectively. The stock is currently trading above its 50 DMA. 

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