Dhoot Transmission made a strong Dalal Street debut on Monday, with shares listing at a 38% premium to the IPO price. The stock opened at Rs 1,193.80 on the BSE and Rs 1,200 on the NSE, compared with its issue price of Rs 871. The listing also comfortably beat the stock’s grey market premium (GMP), which had indicated gains of around 30%.
Market experts remain positive on Dhoot Transmission’s long-term prospects, citing its strong revenue growth, established position in the wiring harness business and rising exposure to the electric vehicle (EV) segment. However, investors should also keep an eye on customer concentration and execution-related risks.
