Shriram Group shares trade weak; Shriram City Union hits 52-week low

According to media reports, Piramal Enterprises is looking to sell its entire 20 per cent stake in Shriram Capital (SCL), the financial services arm of the Shriram group

Shares of Shriram Group companies were trading weak, falling by up to 6 per cent, in intra-day trade on the BSE on Wednesday in intra-day trade, in an otherwise firm market.

Shriram City Union Finance slipped 6 per cent to Rs 1,301, also its 52-week low, while Shriram Transport Finance Company (STFC) dipped 3 per cent to Rs 1,087 on the BSE in intra-day trade. In comparison, the benchmark S&P BSE Sensex was up 0.30 per cent at 39,552 points at 02:31 pm.

According to media reports, Piramal Enterprises is looking to sell its entire 20 per cent