India's Shriram Pistons hits 16-mth high on EMF Innovations buy

SPR Auto Technologies

16/12/2022 04:24

** Shares of automotive components maker Shriram Pistons &
Rings Limited  SHIE.NS  rise 5% to 1,097.60 rupees to hit upper
circuit
    ** Stock of SHIE hits highest level since July 30, 2021,
marks fourth consecutive session of gains
    ** Stock's best rally since Nov. 9
    ** SHIE on Thursday said it would invest for majority stake
in Singapore backed EMF Innovations through its unit 
    ** Stock up 30.65% YTD
 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))