DCM Shriram rallies 7% on share buyback proposal

Stock of DCM Shriram lapped up the news of a share buyback proposal as it surged over 7% on Tuesday. The company informed stock exchanges that its board will meet on June 18 to consider a share buyback proposal. Following the announcement, the stock rose 7.23% to hit a high of Rs 290.45 on the BSE early today.

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