DCM Shriram’s shares rose 7.14% to ₹1,120.00 on the NSE in early trading following the announcement of its Q2 FY24 results. The company reported a 95% year-on-year increase in net profit to ₹62.92 crore, driven by robust sales performance. Alongside the results, DCM Shriram declared a dividend and approved two new projects, further boosting investor confidence.
The strong financial performance and strategic developments have led to a positive market reaction, with shares gaining momentum in today’s session.
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