DCM Shriram hits record high on land sale

Shares in DCM Shriram Ltd surge as much as 2.2 percent to an all-time high after the company said late on Tuesday that it sold its spinning mill for 171.3 million rupees ($2.9 million).

The conglomerate sold its textile spinning unit Swatantra Bharat Mills in Rajasthan, it said in a statement.

DCM Shriram shares rise 1.1 percent to 159.20 rupees at 0408 GMT. The stock has gained 23.4 percent so far this month.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • By standing up for its priorities at WTO, India has saved its farmers

    Narendra Modi has demonstrated his global priorities during his short stint in power by engaging Pakistan and China on the need to mend fences with In

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Dealing with a sin called insensitivity

Rage and the notion of being above the law — ...

Purnendu Ghosh

Avoiding utopian or dystopian extremes

One must know the known in order to know the ...

Shona Adhikari

The tormented founding father of modern art

The subject for today’s art column has been triggered by ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture