News for SML Isuzu Limited (SMLISUZU.BO)

Realty firm Trinity awards ₹510 crore contract, Puravankara Group CEO resigns, Kaynes acquires August Electronics, Adani Power wins UP bid.

Market expert Neeraj Dewan sees opportunities in PSU banks, railway, infrastructure, and power sectors. He suggests holding Reliance, anticipating it to stabilize around Rs 1,500. Dewan favors M&M and TVS Motor due to their strong performance and reasonable valuations. He capitalized on tariff turmoil, buying Mazagon Dock, Garware, and Godfrey Phillips, booking profits as the market recovered.

Sun Pharma, Tata Steel, State Bank of India, Axis Bank, Tata Motors, Larsen & Toubro and ICICI Bank were also among the Sensex gainers. HCL Tech, UltraTech Cement, Nestle and Hindustan Unilever were among the laggards.

In the Nifty pack, 39 stocks were trading in the green, while 11 stocks were trading in the red.

Mahindra & Mahindra (M&M) is set to acquire a majority stake in commercial vehicle maker SML Isuzu Limited (SML). M&M will purchase shares from Sumitomo Corporation and Isuzu Motors Ltd for a total of Rs 554.65 crore. This acquisition aims to bolster M&M's presence in the >3.5T CV segment, targeting a significant increase in market share by FY36.

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On the stock-specific front, Ashok Leyland traded lower despite the order win announcement. Last checked, the stock was down 0.79 per cent at Rs 207.

Hinduja Group’s flagship company is reportedly looking to buy Sumitomo Corporation’s stake in commercial vehicle maker SML Isuzu.

SML Isuzu sold 11,617 trucks and buses in the calendar year 2024, making it the eighth-largest commercial vehicle maker in the country.

In the Nifty50 index, 46 stocks closed in the green, while 4 stocks ended in the red.

The selling in this space intensified this week after capital market regulator SEBI raised concerns over the steep run in the midcap and smallcap stocks and the unprecedented inflows that these funds have also seen in the last one year.

The Nifty Pharma index closed 0.48 per cent down at 18956.45.

Asian Paints, Apollo Hospital, Hindalco, Divis Labs and Tata Steel were among the top losers on NSE in today's trade.

Moksh Ornaments Ltd., AVG Logistics, Zaggle Prepaid Ocean, Salzer Electro and SML Isuzu, hit their fresh 52-week highs during the day.

BSE Midcap index lost 0.4 percent on Monday, while Smallcap index ended on a flat note.

Asian Paints, BPCL, Hindalco, Bharti Airtel and Wipro were among the top losers on NSE.

From here on, if Nifty has to sustain at higher levels, contribution from the heavyweight banking space is a must. Since it is struggling around the bearish gap, it is better to wait for further clarification to project higher levels in Nifty, says Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One.

On the sectoral front, BSE Realty index added 4 percent, BSE Telecom index rose 3.8 percent, BSE FMCG and Power indices gained 1.5 percent each.

In the Nifty pack, 24 stocks closed in the green, while 26 stocks ended in the red.