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Globus Spirits' shares rose 4% to Rs 1,373 after launching DAAB India Craft Whisky, a limited-edition single malt. The whisky, inspired by an Indian fable, is priced between Rs 4,500 and Rs 5,500.
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SPP Polymers' shares debuted on the NSE SME platform with a 6.78% premium, listing at Rs 63 against an issue price of Rs 59. The IPO saw a strong investor response, being subscribed over 40 times. The company plans to use the proceeds for loan repayment, working capital, and general corporate purposes.
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Consumption mutual funds have shown strong performance, offering an average return of 13.73% in three months. Kotak Consumption Fund led with a 17.97% return, while Tata India Consumer Fund delivered 16.90%. Experts attribute this to favorable economic conditions and strategic asset selection. Investors are advised to consider their risk tolerance before investing.
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