DCM Shriram Industries zooms on focusing on developing, manufacturing versatile drones
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DCM Shriram Industries is currently trading at Rs. 92.70, up by 5.70 points or 6.55% from its previous closing of Rs. 87.00 on the BSE.
The scrip opened at Rs. 90.60 and has touched a high and low of Rs. 92.80 and Rs. 89.85 respectively. So far 19408 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 131.40 on 14-Oct-2021 and a 52 week low of Rs. 54.21 on 28-May-2021.
Last one week high and low of the scrip stood at Rs. 95.85 and Rs. 80.40 respectively. The current market cap of the company is Rs. 796.41 crore.
The promoters holding in the company stood at 50.11%, while Institutions and Non-Institutions held 0.34% and 49.56% respectively.
DCM Shriram Industries is focusing on developing and manufacturing versatile drones that will be used not just in the defence sector but across the board. The company is engaged in the businesses of sugar, chemicals and industrial fibre and has a turnover of around Rs 8,000 crore. It had last year invested $1 million (about Rs 7 crore) to purchase 30 per cent stake in Turkish drone company Zyrone Dynamics.
DCM Shriram Industries is based in Northern India with a portfolio of products comprising of sugar, alcohol, fine chemicals and rayon tyrecord. The company has a strong emphasis on technology and quality as also a strong commitment to environmental & social concerns.
