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SML Isuzu gains on aiming 15% market share in CV segment

17 Jul 2014 Evaluate

SML Isuzu is currently trading at Rs 599.00, up by 10.95 points or 1.86% from its previous closing of Rs 588.05 on the BSE.

The scrip opened at Rs 599.90 and has touched a high and low of Rs 610.50 and Rs 595.00 respectively. So far 2496 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 689.80 on 08-Jul-2014 and a 52 week low of Rs 214.45 on 08-Aug-2013.

Last one week high and low of the scrip stood at Rs. 654.95 and Rs 570.10 respectively. The current market cap of the company is Rs 866.85 crore.

The promoters holding in the company stood at 43.96% while Institutions and Non-Institutions held 21.71% and 34.33% respectively.

SML Isuzu (formerly Swaraj Mazda), manufacturer of trucks and buses, is targeting 15 percent market share in the commercial vehicles (CV) segment over the next four years. At present, the company’s market share in the commercial vehicles category is 7.5 percent. With a production capacity of 20,000 units per annum at its Punjab plant, the company is planning to ramp it up further.

Sumitomo Corporation, Japan, and Isuzu Motors, Japan, hold 44 percent and 15 percent shareholding in the company, respectively. The balance is being held by the public.

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.

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Peers
Company Name CMP
Tata Motors 400.30
Ashok Leyland 151.35
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Olectra Greentech 1501.70
SML Mahindra 4086.40
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