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The Economic Times
The Economic Times
Sakshi Kumari

Jefferies initiates coverage on newly listed Dhoot Transmission; sees up to 20% upside. Here's why

Dhoot Transmission Jefferies Sakshi Kumari SEBI

Jefferies has initiated coverage on Dhoot Transmission with a ‘Buy’ rating and a price target of Rs 1,730, implying 20% upside from the current levels. The brokerage expects the auto component maker to benefit from strong two-wheeler demand, premiumisation and the shift towards electric vehicles, while a broader product portfolio could further support growth.

Dhoot Transmission is among the top two players in India's 2W and 3W wiring harness market, with a 41% market share.

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