Solapur based, Precision Camshafts (PCL), one of the world's leading manufacturer and supplier of camshafts, made a poor debut on the stock markets on Monday by listing at a dismal listing of 11.29% of issue price. At the NSE, stock opened at Rs 165 a share as against issue price of Rs 186 a share.

Currently, shares are trading at Rs 182.10, down 2.10% from its issue price. It recorded a high of 185 and a low of Rs 154.50 at the NSE (12.04 pm). A total of 69,26,790 shares exchanged hands at the NSE.

Precision Camshafts is a one of the world's leading manufacturers and suppliers of camshafts (critical engine component, in the passenger vehicle segment). The company supplies over 150 varieties of camshafts for passenger vehicles, tractors, light commercial vehicles and locomotive engine applications.