India's Belrise hits record high after block deal

Belrise Industries

23/12/2025 04:43

** Shares of Belrise Industries BELR.NS rise 11.8% to hit record high of 177 rupees

** 58.3 mln shares of BELR changed hands in a block deal worth 8.97 bln rupees ($100 mln) on NSE - exchange data

** Sale likely to have been by Sumedh Tools, part of promoter group of co - per CNBC report

** 22 mln shares change hands by 10 a.m. IST, more than 7x of 30-day avg volume

** All 3 analysts covering the stock rate it at "buy" or "strong buy" -- LSEG data

** Stock up ~82% YTD

 (Reporting by Abhirami G in Bengaluru)

 ((abhirami.g@thomsonreuters.com))