Dhoot Transmission makes strong debut at 38% premium. Should investors hold or buy on dips?

Dhoot Transmission made a strong Dalal Street debut on Monday, with shares listing at a 38% premium to the IPO price. Shivani Nyati said, “We maintain a positive long-term view and recommend holding with a stop-loss of Rs 1,100.” The company plans to use proceeds to reduce its debt burden.