Dhoot Transmission stock surges 38% in market debut following robust IPO

Dhoot Transmission saw a solid start on the stock market, opening at ₹1,200 on the NSE. This marks a 37.77% increase from its initial public offering price of ₹871. The company's ₹3,067 crore IPO saw significant interest, with subscriptions reaching 74.21 times. Market experts suggest that existing shareholders might look at a long-term hold, driven by the firm's focus on EV components and upcoming capacity growth, whereas new investors might prefer to wait until the share price settles.

by shortkt.com
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Dhoot Transmission stock surges 38% in market debut following robust IPO | ShortKT