India's Dhoot Transmission jumps after Jefferies starts with "buy"
05/10/2026 07:59
BUZZ-India's Dhoot Transmission jumps after Jefferies starts with "buy" ** Shares of two- and three-wheeler wiring harness maker Dhoot Transmission DHOT.NS rise as much as 5.06% to 1,516.4 rupees apiece
** Jefferies initiates coverage of DHOT at "Buy" and a price target of 1,730 rupees, implying a 20% upside
** Jefferies expects strong 24% revenue CAGR over the financial years 2026-2029, led by rising two-wheeler demand, premiumization, electrification and portfolio expansion into battery packs, sensors, controllers
** Says 43x 1-year forward P/E is justified for DHOT's strong growth and franchise
** DHOT, which made its market debut in August, has risen 70.4% over its issue price of 871 rupees
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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