SML ISUZU Ltd Share Price – NSE /  BSE

Automobile, Small Cap

Net profit of SML ISUZU rose 3.37% to Rs 21.80 crore in the quarter ended September 2024 as against Rs 21.09 crore during the previous quarter ended September 2023. Sales rose 10.25% to Rs 549.71 crore in the quarter ended September 2024 as against Rs 498.59 crore during the previous quarter ended September 2023.

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Cargo vehicles sales decreased by 4.1% to 394 units in October 2024 as against 411 units sold in October 2023.

The company has sold 407 units of passenger vehicles, down 11.9% year on year in October 2024.

For the period April to October 2024, the company's total sales aggregated to 8,428 units, registering a growth of 5.3% from 8,006 units sold in the same period a year ago.

SML Isuzu is primarily engaged in the business of manufacture and sale of commercial vehicles and their parts.

The company had reported 45.93% rise in net profit to Rs 46.39 crore on a 18.13% increase in sales to Rs 746.10 crore in Q1 FY25 over Q1 FY24.

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SML Isuzu will hold a meeting of the Board of Directors of the Company on 11 November 2024.

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The headline equity benchmarks traded with minor losses in morning trade. The Nifty traded below the 25,850 mark. PSU bank shares extended losses for the second consecutive trading session.

At 10:30 IST, the barometer index, the S&P BSE Sensex, shed 23.38 points or 0.03% to 81,160.55. The Nifty 50 index lost 12.10 points or 0.05% to 24,840.05.

The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.72% and the S&P BSE Small-Cap index declined 1.15%.

The market breadth was weak. On the BSE, 1,290 shares rose and 2,452 shares fell. A total of 179 shares were unchanged.

New Listing:

Shares of Gala Precision Engineering were currently trading at Rs 761.05 at 10:15 IST on the BSE, representing a premium of 43.87% as compared with the issue price of Rs 529.

The scrip was listed at Rs 750, exhibiting a premium of 41.78% to the issue price.

So far, the stock has hit a high of 787 and a low of 721. On the BSE, over 2.46 lakh shares of the company were traded in the counter so far.

Buzzing Index:

The Nifty PSU Bank index declined 1.43% to 6,560.10. The index fell 4.94% in two consecutive trading sessions.

Union Bank of India (down 2.68%), Central Bank of India (down 2.53%), Bank of India (down 2.31%), Punjab & Sind Bank (down 2.18%), UCO Bank (down 2.12%), Canara Bank (down 1.92%), Indian Overseas Bank (down 1.86%), Punjab National Bank (down 1.82%), Bank of Maharashtra (down 1.68%) and Bank of Baroda (down 1.55%) declined.

Stocks in Spotlight:

SML ISUZU shed 0.15%. The company said that it has decided to increase the prices of its buses (all models) in the range of 1.0% to 1.5%, effective 01 October 2024.

Repco Home Finance declined 1.45% after the company informed that K. Lakshmi has tendered her resignation as chief financial officer (CFO) of the company, due to personal reasons.

ION Exchange (India) advanced 1.47% after the company has been awarded contracts from Technimont SPA, Italy, for de-oiling, dimenralisation and condensate poly unit packages for the Hail & Ghasha development project of ADNOC, UAE, totaling approximately Rs 168 crore. The projects are to be completed within 61 weeks from projects award dates.

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