News for SML Isuzu Limited (SMLISUZU.BO)

March silences naysayers as 186 smallcaps gain up to 74%. Will this last?

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.

The Nifty Pharma index closed 0.42 per cent up at 19048.4.

The Nifty Auto index closed 0.18 per cent up at 20621.35.

The Nifty Bank index closed 0.23 per cent down at 46811.75.

The Nifty IT index closed 0.22 per cent down at 38045.65.

BPCL, HCL Tech, Maruti Suzuki, Asian Paints and JSW Steel were among the top losers on NSE in today's trade.