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SML Isuzu spurts on plan to invest Rs 30 crore to expand capacity of Punjab plant

08 Aug 2016 Evaluate

SML Isuzu is currently trading at Rs. 1339.90, up by 4.70 points or 0.35% from its previous closing of Rs 1335.20 on the BSE.

The scrip opened at Rs. 1358.90 and has touched a high and low of Rs. 1358.90 and Rs. 1332.80 respectively. So far 6104 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1490.00 on 07-Aug-2015 and a 52 week low of Rs 645.50 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs 1374.00 and Rs 1271.00 respectively. The current market cap of the company is Rs. 1939.06 crore.

The promoters holding in the company stood at 43.96%, while Institutions and Non-Institutions held 7.35% and 48.69% respectively.

SML Isuzu has received its board’s approval, on August 5, 2016, for proposal to invest Rs 30 crore to expand capacity of its Punjab plant to 24,000 vehicles a year from 18,000 units now. The company will also create an additional assembly line at the plant in order to meet higher demand during peak season. The expansion will be funded from internal accruals. The new assembly line is expected to begin operations during the second half of 2017-18.

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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