But our overall sense is that one needs to sort of watch out for Budget plus the element of optimism. Although they have some head room in terms of higher RBI dividend plus, obviously there can be structural savings on the subsidy side especially related to fertilisers, so it remains to be seen how they sort of utilise.
Can Bonfiglioli Transmissions IPO deliver long-term growth for high-risk investors?
Bonfiglioli Transmissions aims to raise Rs2,534 crore through an upcoming offer for sale. The promoter group’s stake will reduce from 100% to 77% post-IPO. The