SML Isuzu rides high on plan to hike prices of trucks, buses
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SML Isuzu is currently trading at Rs. 706.00, up by 17.10 points or 2.48% from its previous closing of Rs. 688.90 on the BSE.
The scrip opened at Rs. 713.95 and has touched a high and low of Rs. 714.95 and Rs. 701.40 respectively. So far 2390 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. 476.00 on 29-Mar-2022.
Last one week high and low of the scrip stood at Rs. 714.95 and Rs. 658.20 respectively. The current market cap of the company is Rs. 1021.70 crore.
The promoters holding in the company stood at 43.96%, while Institutions and Non-Institutions held 16.69% and 39.35% respectively.
SML Isuzu has planned to increase the prices of its vehicles (both Trucks & Buses) with effect from April 01, 2023 to cover the increase in input prices due to new compliances - BS6 Integrated On-Board Diagnostic II (IOBD-II) and Electronic Stability Control (ESC) for buses, being implemented with effect from April 01, 2023 and general inflation.
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.
