DCM Shriram rallies 20% on heavy volumes, stock hit all-time high

In the past three months, DCM Shriram has rallied 67 per cent after the company reported a strong operational performance for the quarter-ended December 2020

Shares of DCM Shriram moved higher by 20 per cent to hit an all-time high of Rs 663.89 on the National Stock Exchange (NSE), in the intra-day trade on Friday, on the back of heavy volumes. The stock has surpassed its previous high of Rs 637, touched on May 23, 2019.

At 12:39 pm, it was trading 17 per cent higher at Rs 651 compared to a 0.46 per cent rise in the Nifty50 index. Trading volumes on the counter jumped nearly four-fold with a combined 2.8 million equity shares changing hands on the NSE and BSE.

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