Plaza Wires shares debut with 53% premium

New Delhi: Shares of cables manufacturer Plaza Wires on Thursday made a stellar debut in the equity market, listing with a premium of 53 per cent against the issue price of Rs 54.

The stock made its debut at Rs84, rallying 53.06 per cent from the issue price on the BSE. On the NSE, it began the trade at a premium of 40.74 per cent at Rs 76. Later, it jumped further by 5.53 per cent to Rs80.20 apiece. The company’s market valuation stood at Rs 351.02 crore on the BSE.