DCM Shriram hits record high on land sale

Shares in DCM Shriram Ltd surge as much as 2.2% to an all-time high after the company said late on Tuesday that it sold its spinning mill for Rs 17.1 crores.

The conglomerate sold its textile spinning unit Swatantra Bharat Mills in Rajasthan, it said in a statement.

DCM Shriram shares rise 1.1% to Rs 159.20  at 0408 GMT. The stock has gained 23.4% so far this month.