India's SML Isuzu falls on drop in June-quarter vehicle sales

SML Mahindra

03/07/2023 06:00

** Shares of SML Isuzu  SMLI.NS  fall as much as 2.5% to
1,090 rupees, its steepest intraday pct decline since June 19
    ** Co said on Saturday its June-quarter total vehicle sales
fell 3% from a year earlier
    ** Co's June-quarter cargo vehicle sales fell 13% Y/Y,
passenger vehicle sales down 0.4%
    ** Shares on track to fall for second straight session, if
trends hold
    ** Over 17,000 shares change hands as of 10:26am IST, 0.2X
the 30-day moving average
    ** Stock up 65.1% YTD as of last close
    

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))