SML Isuzu hits a bump

SML Isuzu reported a poor offtake of sales for the month of July. Sales were down 42% at 788 units v/s a robust 1368 units in July 2016. Even month-on-month, the drop is pretty steep – in June it had sold 1320 vehicles. Obviously this is the impact of GST.

The company is to report its Q1FY18 performance on 10^th August and these numbers are expected to be much better.

The stock price has tanked today, going down to Rs.1051.70, a fall of 6%. Its 52-week low stands at Rs.1014.