Dhoot Transmission shares fall 5% after strong listing

Dhoot Transmission shares fell 5.3% on the BSE and 5.75% on the NSE on Tuesday, as investors booked profits after a strong debut. The stock dropped to Rs 1,130.50 on the BSE and traded lower on the NSE from its listing price.

The company, which makes transmission components for two-wheelers and four-wheelers, had listed at a premium. Analysts remain divided on the stock's near-term outlook, with some advising caution due to profit booking while others see long-term value in the business. NDTV Profit reports that the stock has seen volatility since its listing.