Jefferies Starts Coverage on Dhoot Transmission with Buy Rating
Jefferies has initiated coverage on newly listed Dhoot Transmission with a Buy rating and a price target of Rs 1,730, indicating a potential 20% upside. The brokerage expects growth driven by strong two-wheeler demand, premiumisation, electrification, and new products. It forecasts a 24% revenue CAGR and 27% EPS CAGR through FY29.
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