New Delhi, Dec. 8 -- Shriram Pistons & Rings share price extended rally for the third consecutive session to hit another 52-week high on Monday after the company announced the acquisition of Antolin Group's Indian operations. The smallcap stock rallied as much as 5.70% to a fresh high of Rs.2,999.00 apiece on the BSE.

The rally in Shriram Pistons share price was supported by robust volumes. Around 7 lakh equity shares changed hands on December 8 as against its one month average trading volume of 2 lakhs shares. Shriram Pistons share price has gained 14% in the past three sessions.

Shriram Pistons & Rings, on December 5, announced a definitive agreement to acquire 100% shareholding in Antolin Lighting India Private Limited (ALIPL), Grupo...