Stock of this AMC has zoomed over 100% in one week

The BSE said that the exchange sought clarification from Shriram Asset Management Company on January 12, 2023, with reference to Movement in price, however, the reply is awaited.

Shares of Shriram Asset Management Company (AMC) hit 10 per cent upper circuit for the fifth straight day at Rs 210.85 in Friday's trade. The stock of AMC hit a 52-week high and surpassed its previous high of Rs 195, which it had touched on September 13, 2022. It traded close to its record high level of Rs 225 on January 8, 2019.

Currently, around 115,000 shares changed hands, as against an average sub 40,000 shares traded in the past two weeks on the BSE.

The BSE said the exchange has sought clarification from Shriram Asset Management Company