India's SML Isuzu jumps as Q3 loss narrows

SML Mahindra

10/02/2023 08:50

** Shares of commercial vehicles maker SML Isuzu  SMLI.NS 
turn positive, rising as much as 4.6% to 776 rupees
    ** Stock posts biggest intraday pct climb since Jan. 17
    ** Co reported a narrower Q3 loss at 1.3 mln rupees
($15,776.12) vs 257.9 mln rupees ($3.13 million) year ago
    ** Co's revenue rose 31.4% to 3.28 bln rupees
    ** Stock has remained above its 200-day moving average since
Jan. 2
    ** Over 45,000 shares traded as of 2:01 p.m. IST, equalling
the 30-day moving average
    ** Stock rose 6.44% last year, its second straight annual
gain
($1 = 82.4030 Indian rupees)
 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com;))