DCM Shriram inches up after its arm inks agreement with Inventure Metal Products Industries
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DCM Shriram is currently trading at Rs. 1048.80, down by 3.80 points or 0.48% from its previous closing of Rs. 1045.00 on the BSE.
The scrip opened at Rs. 1030.05 and has touched a high and low of Rs. 1050.00 and Rs. 1027.45 respectively. So far 7047 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1121.65 on 19-Oct-2022 and a 52 week low of Rs. 730.05 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1091.15 and Rs. 965.90 respectively. The current market cap of the company is Rs. 16142.37 crore.
The promoters holding in the company stood at 66.52%, while Institutions and Non-Institutions held 11.28% and 22.20% respectively.
DCM Shriram's arm -- Fenesta has entered into a strategic technical collaboration with Inventure Metal Products Industries LLC, a renowned player providing complete solution for facade building in the construction industry in the United Arab Emirates (UAE). The agreement marks a pivotal moment in Fenesta's pursuit of excellence in the Facade sector. Inventure brings to the table a rich legacy of 18 years in the Facades business, boasting a remarkable portfolio of over 2000 successfully completed projects. Their expertise has been sought after by prestigious builders, including Emaar, Shapoorji Pallonji, Miraj, Kingston, and more. Notably, Inventure specializes in delivering top-notch facade products for high rises, making them an invaluable collaborator.
This development ushers in a new era of expertise and innovation in the fenestration market. Under this agreement, Inventure will provide comprehensive technical knowhow encompassing facade design, manufacturing, and installation. In addition to knowledge transfer, Inventure will also provide technical training on critical aspects of Facade business to Fenesta officials. Together, the two forces are set on a mission to revolutionize the facade sector by offering cutting-edge solutions to their valued customers.
DCM Shriram runs two businesses energy intensive and agri business. The company is also the third largest manufacturer of Chlor-Alkali in the India. They have launched value added UPVC window system business under the Fenesta TM brand in India.
