DCM Shriram rallies 24% in one week on strong operational performance in Q3

The management said the company has witnessed a sequential improvement in its quarterly performance as the challenges posed by Covid-19 reduced

Shares of DCM Shriram hit a fresh 52-week high of Rs 495, surging 8 per cent in the intra-day trade, on the BSE on Monday on the back of a strong operational performance for the quarter-ended December 2020 (Q3FY21). The stock has rallied 24 per cent in the past one week, as compared to a per cent rise in the S&P BSE Sensex.

The company's consolidated PBDIT (profit before depreciation, interest and tax) was up 30 per cent at Rs 421 crore in Q3FY21, as against Rs 323 crore in Q3FY20. PBDIT margin also expanded by 478 basis points (bps) to