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New-age technology stocks extended their winning streak this week, with 54 of the 69 companies tracked by Inc42 posting gains as investor appetite broadened across the sector. CarTrade Technologies led the pack with a 23.3% jump, underscoring renewed confidence in select internet and platform businesses after a prolonged period of volatility.
Endurance Technologies’ initial public offering opened on Wednesday, with the Aurangabad-based auto components maker seeking to raise nearly Rs 1,162 crore at the upper end of its price band by selling a 17.5 percent stake. The issue had already drawn Rs 348.52 crore from anchor investors a day earlier, signalling early institutional interest ahead of the October 7 close.
Endurance Technologies’ initial public offering opened for subscription on Wednesday, with the Aurangabad-based auto components maker seeking to raise nearly Rs 1,162 crore at the upper end of the price band through a 17.5 percent stake sale. The issue follows a strong anchor placement of Rs 348.52 crore, but investors will be assessing whether the company’s scale, profitability and sector positioning justify fresh capital at a time when auto demand remains cyclical.
The 29th edition of the Bengaluru Tech Summit will position India’s technology capital as a convening point for global investors, founders and policy stakeholders looking beyond artificial intelligence to the next wave of growth sectors. The event is expected to examine emerging technologies, market shifts and commercial opportunities that could shape startup formation and venture capital deployment in the coming year.
Endurance Technologies’ initial public offering opened today, drawing market attention as the Aurangabad-based auto components maker seeks to raise nearly Rs 1,162 crore at the top end of its price band by selling a 17.5 percent stake. The issue, which closes on October 7, comes after the company raised Rs 348.52 crore from anchor investors on Tuesday, signalling early institutional interest. Investors now face the familiar IPO question: whether the company’s operating strengths and sector tailwinds justify the asking valuation.
Sterlite Technologies reported a dramatic turnaround in the September quarter, with net profit surging 12,817% year-on-year to Rs 517 crore and revenue climbing 145% to a record Rs 2,529 crore. The company said stronger demand for AI-ready digital infrastructure, better margins and a one-time tariff refund gain powered the performance, while its open order book rose to Rs 35,274 crore.
Sterlite Technologies reported a dramatic jump in second-quarter profit, with net earnings rising 12,817% year-on-year to Rs 517 crore as revenue climbed 145% to a record Rs 2,529 crore. The company said demand for AI-ready digital infrastructure, stronger margins and a one-time tariff refund gain supported the performance, while its open order book expanded to Rs 35,274 crore.
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