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 company has market leadership in various sectors, including industrial automation and construction. Revenue and net profit have shown significant growth in recent years, indicating strong financial performance. Investors with a high-risk appetite may consider participating in the IPO.
US stocks: S&P, Nasdaq end over 1% higher as AI-fueled optimism weighs
CoreWeave reported strong earnings, easing investor concerns about spending on AI infrastructure and boosting stock prices. Both the S&P 500 and Nasdaq witnessed gains following