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.

EDITORIAL OF THE DAY

  • It is for the market, not the government to decide the fares of private air carriers

    In a country where substantial lip service is paid to the glories of a free economy and laissez faire, there is enough evidence to suggest that in rea

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture