SML Isuzu Shares Go Up To Near Record High

SML Isuzu, one of the nation's well-known truck makers, witnessed its share trade come to near record highs, owing to the higher unit sales and revenue. The company stated that its profit for the first quarter saw a gain of 24 percent, coming to 29.1 crores. This was placed against a value of 23.4 crores for the same period in the previous year. Furthermore, the company stated that its sales for the month of April-June rose by 13 percent, coming to 382.2 crores, against just 338.6 crores last year. The company saw a rise in its status on the National Stock Exchange, by 4.8 percent or 68 rupees. A total of 3.06 lakh shares of the company were traded, against the 5 day average of 4.34 lakh shares.

SML Isuzu has seen a rapid rise in its market capitalization, by 139 percent to 2079 crore rupees. It is now attracting a stream of investors, seeking to take advantage of the conducive market scenario to buy into its stock.