According to reports, Belrise Industries witnessed a 16% rally in its shares over the past four days, reaching a record high. Jefferies initiated coverage on the company with a ‘Buy’ rating and a target price of Rs 135. Key highlights include:
• Strong earnings growth potential driven by increased two-wheeler demand
• Product premiumisation strategy
• Expansion into four-wheeler and export markets
This surge indicates positive investor sentiment towards Belrise Industries, reflecting potential growth opportunities in the Indian business sector.
Source: Economic Times