Excellent Wires and Packaging shares debut at a 5.56% discount, listing at Rs 85 on the NSE SME platform, in line with grey market estimates. The Rs 12.60-crore IPO was subscribed 20 times, with retail investors being the most active. The company plans to use the proceeds to fund land acquisition, plant and machinery purchases, and working capital requirements.
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Gold October futures contracts as well as silver December futures contracts at MCX opened flat today after the US Fed cut the interest rates by 50 bps. The former stood at Rs 72,916 per 10 gram, which is down by 0.19% or Rs 139 while the latter stood at Rs 88,375/kg, up by merely 0.09% or Rs 76. However, the prices of gold have fallen by Rs 600 per 10 grams in this week so far.
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Tata Motors‘ share price jumped back into the green on Thursday after the company received an upgrade from a brokerage firm. What Happened: The surge today comes as Emkay Global upgraded the stock’s rating from “add” to “buy” with a price target of ₹1,175, The target indicates an around 22% upside from the stock’s last closing price.
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