SML Isuzu shares gained more than 18 percent intraday on March 4 after the company decided to increase the prices of its products.
SML Isuzu has decided to increase prices of its products (across all models - trucks and buses) in the range of 3-4 percent, effective April 4, 2022, it said in a release.
While the company is taking actions to absorb the impact of a sharp increase in commodity prices and other input costs, the upward revision has been necessitated to partially offset the impact of increased costs, it added.
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The company in the month of March 2022 sold 1,363 units against 952 units in March 2021, a growth of 43 percent.
At 12:42 hrs SML Isuzu was quoting at Rs 672.70, up Rs 83.35, or 14.14 percent on the BSE.
The share touched a 52-week high of Rs 842.80 and a 52-week low of Rs 430.05 on 11 November, 2021 and 12 April, 2021, respectively.
Currently, it is trading 20.18 percent below its 52-week high and 56.42 percent above its 52-week low.
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