{"id":111044,"date":"2023-10-03T14:01:30","date_gmt":"2023-10-03T08:31:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111044"},"modified":"2023-10-03T14:50:00","modified_gmt":"2023-10-03T09:20:00","slug":"small-cap-stock-jumps-more-than-5-after-company-reports-16-growth-in-sales-hikes-prices-of-their-vehicles","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-more-than-5-after-company-reports-16-growth-in-sales-hikes-prices-of-their-vehicles\/","title":{"rendered":"Small-cap stock jumps more than 5% after company reports 16% growth in sales; Hikes prices of their vehicles"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3434068533\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This auto stock gained almost 5 percent after the company announced price hikes and reported sales growth of 16 percent to 872 units in September 2023.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3498264331\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12.04, 3rd October shares of SML Isuzu Ltd were trading at Rs. 1234.70 per share which is up by 4.64 percent from previous closing price of 1,180 per share.\u00a0<\/p><p>Such bullish stock price movements are observed after the company reported sales growth of 16 percent to 872 units in September 2023-24 from 752 units in September 2022-23. Sales for cargo vehicles increased by 7 percent to 341 units in September 2023-24 from 318 units in September 2022-23, whereas sales for passenger vehicles increased by 22 percent from 531 units in 2023-24 to 434 units in September 2022-23.&nbsp;<\/p><p>According to the filings company also declared price hikes for all buses and trucks in the range of Rs. 20,000 &#8211; Rs. 30,000(inclusive of GST@ 28 percent) and for the school buses the price increase will be in range of Rs. 1.95 lakhs -2.45 lakhs(inclusive of GST@ 28 percent) due to implementation of compliance with new norms \u201cFAPS\u201d.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1977507206\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Looking at the financial statements, revenue increased by 26.27 percent to Rs. 631.61 crore in Q1FY24 from Rs. 500.19 crore in Q1FY23 in the same time period company\u2019s net profit increased by 1258.55 percent to Rs. 31.79 crore from 2.34 crore.&nbsp;<\/p><p>Talking about the financial ratios, the company reported return on equity(ROE) of 11.69 percent and return on capital employed(ROCE) of 9.53 percent in the last financial year.&nbsp;<\/p><p>SML Isuzu Ltd is a commercial vehicle manufacturer, it produces and sells buses, ambulances and customised vehicles. Company exports the products to several countries like Nepal, Zambia, Bangladesh, Kenya, Tanzania, Ghana, Ivory Coast, Rwanda, Seychelles, Syria, Jordan.&nbsp;<\/p><p><strong>Written by: Vinit israni\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4127103370\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This auto stock gained almost 5 percent after the company announced price hikes and reported sales growth of 16 percent to 872 units in September 2023.&nbsp; At 12.04, 3rd October shares of SML Isuzu Ltd were trading at Rs. 1234.70 per share which is up by 4.64 percent from previous closing price of 1,180 per [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-111044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small-cap stock jumps more than 5% after company reports 16% growth in sales; 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