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    SML Isuzu locked in upper circuit post robust February sales

    SML Isuzu locked in upper circuit post robust February sales

    SML Isuzu locked in upper circuit post robust February sales
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    By Mousumi Paul   IST (Updated)

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    Shares of SML Isuzu is locked in 20 percent upper circuit at Rs 682.55 after the vehicle manufacturer posted strong February sales number. 

    Shares of SML Isuzu was locked in 20 percent upper circuit at Rs 682.55 after the car manufacturer posted strong February sales number. The stock has rallied 23 percent in last the 15 trading sessions.
    In February, the company delivered 33 percent year-on-year (Y-o-Y) growth at 1,282 vehicles as against 965 vehicles in the corresponding period last year. The company had reported only a 6.3 percent YoY growth in the month of January
    The company's market capitalisation, currently,  stands at Rs 820 crore with book value of Rs 283.25. It's dividend payout ratio stands the highest in 2018 at 31 percent. The stock P/E is 65.96 while return on equity (RoE) is 2.10 percent.
    SML Isuzu is a vehicle manufacturer which was established in 1983. Sumitomo Corporation and Isuzu Motors hold 44 percent and 15 percent stake respectively, in the company.
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