Shriram AMC zooms 73% in 3 days post appointment of Kartik Jain as MD & CEO

The company said Jain's appointment as MD and CEO will re-orient the brand's customer strategy and enhance operational efficiency

Shares of Shriram Asset Management Company (AMC) were locked in the 20 per cent upper circuit for a third straight day at Rs 174.20 on the BSE in Wednesday's subdued market. In comparison, the S&P BSE Sensex was up marginally by 0.02 per cent at 60,126.

In the past three days, the stock of the asset management company has zoomed 73 per cent after its board approved the appointment of Kartik Jain as the company's new Managing Director and Chief Executive Officer (MD and CEO) on Monday. 

Shriram AMC is part of the Shriram Group, a financial conglomerate