CCI approved M&M's acquisition of majority stake in SML Isuzu, and Delhivery's acquisition of majority stake in Ecom Express.
Stocks to watch, 18 June: Stocks like Delhivery, SML Isuzu, Hindustan Zinc, Polycab India, RailTel Corporation of India, Zydus Wellness, Vishal Mega Mart, GMR Airports, BSE, Alembic Pharmaceuticals, and Sammaan Capital will be in focus on June 18.
SML Isuzu share price | Company's cargo vehicles sales jumped 77.6 percent at 389 units and passenger vehicles sales rose 34.2 percent at 1123 units.
Stocks to Watch, 02 May: Stocks like Adani Enterprises, Adani Ports and Special Economic Zone, Indus Towers, Jindal Steel & Power, Nuvoco Vistas Corporation, Home First Finance Company India, Sundram Fasteners, MOIL, Phoenix Mills, Godrej Agrovet, LG Balakrishnan & Brothers, JSW Infrastructure, and Sona BLW Precision Forgings will be in focus on May 2.
Shares of SML Isuzu tumbled 10 percent after Mahindra & Mahindra announced plans to acquire a 58.96 percent stake for Rs 555 crore and launch an open offer.
Stocks to Watch, 17 Apr: Stocks like Waaree Renewable Technologies, GTPL Hathway, Prestige Estates Projects, UltraTech Cement, Bharat Heavy Electricals, Indian Railway Finance Corporation, SML Isuzu, Petronet LNG, SBI Cards and Payment Services, Glenmark Pharmaceuticals, Tata Steel, Ballarpur Industries, and Karnataka Bank will be in focus on April 17.
Sources say deal likely to be announced soon. Ashok Leyland has called for a board meeting tomorrow followed by an investor call later in the evening
The deal is likely to help M&M expand into the trucks and buses segment
Stocks To Watch, Mar 3: Stocks like Foseco India, Rana Sugars, Maruti Suzuki India, Hyundai Motor India, Eicher Motors, Escorts Kubota, SML Isuzu, Atul Auto, VST Tillers, Dr Agarwals Health Care, Bajaj Auto, Indian Overseas Bank, Voltas, Mankind Pharma, Ujjivan Small Finance Bank, Dalmia Bharat, and Tata Communications will be in focus on March 3.
Eicher Motors, SML Isuzu, MOIL, Hindustan Petroleum Corporation, NHPC, NBCC India, Wipro, Biocon, HDFC Asset Management Company, DCM Shriram, and Insecticides India will also be in focus on September 2.
The company , on May 20, reported a 16.53% surge in net sales, amounting to Rs. 679.60 crore in March-ended quarter against Rs 583.22 crore in March 2023. Net profit surged by 95.3% to Rs 52.32 crore from Rs 26.79 crore YoY.
In the month of September, the company's sales were up 16 percent at 872 units against 752 units, YoY.
This drop in sales comes after a 23 percent yearly increase in vehicle sales in July
The company sold selling 1,250 vehicles in July, up 23 percent from 1,020 units sold in the same month of the previous year
SML Isuzu's Japanese promoters are looking to exit the company, and have entered into an advanced stage of discussions with JBM Auto for the sale of their stake, the sources said.