Shares of DCM Shriram fell on Wednesday after paring their opening trade gains on the back of a land sale.
The company’s share price moved into negative zone during late morning after hitting a 52-week high of Rs. 161.35 in opening trade, witnessing a surge of over two per cent.
The stock fell to an intra-day low of Rs. 155.80, below its previous close of nearly Rs. 157 per share, by late morning trade as profit-booking took place at higher levels.
The company’s share price moved into negative zone after hitting a 52-week high of Rs. 161.35 in opening trade
The stock has rallied nearly 25 per cent so far this month.
The company announced last evening after close of trading hours that it has its textile spinning unit, Swatantra Bharat Mills, in Rajasthan as a running business for a lump sum consideration of Rs. 17.13 crore.
