Backed by Adequate May Sales, SML Isuzu’s Shares Move Up
Published On Jun 06, 2016
Boosted by strong May 2016 sales which went up by 37.3 percent, that is, 1,929 units than what were sold in May 2015, Indo-Japanese commercial vehicle venture SML Isuzu’s share prices rose by 5.24 percent that is, INR 1,038.70 on June 1st on Bombay Stock Exchange (BSE) listing. These strong sales trend shown by SML Isuzu and other commercial vehicle manufacturers indicates the recovery of M&HCV segment which has resurged after a long time.
Talking in detail about SML Isuzu’s growth, 33,486 shares were traded which is 2,353 units higher than the average daily of last one quarter (31,133). The highest value gained by SML Isuzu shares was INR 1,055.35 with the lowest being INR 985.10 on the day. Although the company shares are underperforming since last one month and has rose 1.92 percent compared to the Sensex’s 4.14 percent growth. The overall profit of the company during Q4 March 2016 was up by 30.8 percent which is INR 16.67 crores while the net income saw a fall of 1.1 percent to INR 320.37 crores when compared to Q4 March 2015.
The company’s overall profit has also risen by 38 percent during the fiscal year 2016.
About SML Isuzu
SML Isuzu is a joint venture of Swaraj Mazda, India and Isuzu Motors, Japan which operates in commercial vehicle segment in India. The company is operational since 2011 and has been able to earn a lot of praise for its vehicles in such a short span of time. Mostly operating in light commercial vehicle segment or sub-eight-tonne trucks, SML Isuzu has been able to turn the sales chart from a rate of decline to substantial growth, with India’s recovering commercial vehicle industry.