SML Isuzu hits new high

Yesterday, during market hours, Navodya Enterprises bought 1,26,429 equity shares in SML Isuzu and this was purchased at a price of Rs.584.60/share.

Navodya Enterprises got listed on the SME platform on 25th June and today, it is locked at the 20% UC of the day at Rs.15.10. It had hit the UC yesterday also at Rs.12.60.

SML Isuzu is the top gainer since the opening bell; yesterday it had hit the UC at Rs.600.70 and today it has hit a new high at Rs.692 with an over 4 times surge in volumes. Its 20% UC for the day is at Rs.791.40.

Last week, the company announced its sales numbers for June – it sold 258 vehicles v/s 186 (YoY). Its total combined sales for Q1Fy22 were at 812 v/s 202, a rise if over 300%.

Looks like it just bargain traders making hay while the sun shines on these two counters.