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SML Isuzu share price jumps 14% to hits new 52-week high on Navodya stake buy

According to bulk deal data on NSE, Navodya Enterprises bought 1,26,429 equity shares in the company at Rs 584.6 per share on the NSE.

July 13, 2021 / 11:14 AM IST
SML Isuzu | Navodya Enterprises bought 1,26,429 equity shares in the company at Rs 584.6 per share on the NSE, the bulk deals data showed.

SML Isuzu | Navodya Enterprises bought 1,26,429 equity shares in the company at Rs 584.6 per share on the NSE, the bulk deals data showed.

 
 
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SML Isuzu share price surged over 14 percent intraday on July 13 after Navodya Enterprises bought equity shares in the company.

According to bulk deal data on NSE, Navodya Enterprises bought 1,26,429 equity shares in the company at Rs 584.6 per share on the NSE.

The stock was trading at Rs 674.05, up Rs 74.55, or 12.44 percent. It has touched a 52-week high of Rs 692.30. It has touched an intraday high of Rs 692.30 and an intraday low of Rs 605.85.

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The scrip also witnessed spurt in volume by more than 4.67 times and was trading with volumes of 106,256 shares compared to its five-day average of 40,232 shares, an increase of 164.11 percent.

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SML Isuzu sold 258 vehicles in the month of June 2021, as against 186 vehicles in December 2019, a growth of 39 percent YoY. The company has sold 812 vehicles during the period April to June 2021 (Q1), 302 percent higher than 202 vehicles sold during the period April to June 2020 (Q1 previous year).

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According to Moneycontrol SWOT Analysis powered by Trendlyne, the stock is showing strong momentum: price above short, medium and long term moving averages with increasing revenue every quarter for the past four quarters. It has zero promoter pledge with the comoany having strong cash generating ability from core business - improving cash flow from operation for last 2 years.

Moneycontrol technical rating is very bullish with moving averages and technical indicators being bullish.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Moneycontrol News
first published: Jul 13, 2021 11:14 am

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