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 on Tuesday. Thus far in the month of July, these stocks have zoomed 47 per cent and 39 per cent, respectively after reporting 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 past two trading days. The company reported a 39 per cent year on year (YoY) jump in its total sales at 258 units for the month of June, as compared to 186 units sold during the same month of last year. For April-June quarter (Q1FY22), total sales grew 302 per cent YoY at 812 units as against 202 units in Q1FY21.

SML Isuzu is a manufacturer of commercial vehicles such as vans, lorries, over-the-road tractors for semi-trailers etc. According to the industry experts, after relaxations in the current lockdowns, the demand for trucks is likely to gain momentum with gradual pick-up in economy, construction & infrastructure activities, normal monsoon and last-mile transportation. Based on these factors, during the financial year 2021-22 (FY2021-22), M&HCV Truck segment is expected to grow 40-45 per cent and LCV Truck segment by 15-20 per cent.