SML Isuzu & Force Motors witness robust sales
According to news reports, SML Isuzu and Force Motors shares continued their northward movement, hitting their respective fresh 52-week highs on the BSE in the intra-day trade. Thus far in the month of July, these stocks have zoomed 47 per cent and 39 per cent, respectively after reported a healthy set of sales numbers for the quarter ended June 2021.
Among individual stocks, SML Isuzu rallied 15 per cent to Rs 692 in the intra-day trade today, having surged 38 per cent in the last few days SML Isuzu is a manufacturers of commercial vehicles including vans, lorries, over-the-road tractors for semi-trailers etc.
Moreover, it is predicted that as cases are waning and restrictions are being lifted, the demand for truck is likely to gain momentum with gradual pick-up in economy, construction & infrastructure activities, normal monsoon and last-mile transportation.
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