India's Belrise Industries gains after Investec starts with 'buy'

Belrise Industries

17/09/2025 05:53

** Auto components maker Belrise Industries BELR.NS rise as much as 3.5% to 149.95 rupees; last up 2.6%

** Uptick after Investec starts with "buy", sets PT at 185 rupees, implying 28% upside to last close

** Brokerage says co well placed for growth due to expansion of ties with original equipment makers (OEM), new product roll-out, two-wheeler focus

** Adds co's four-wheeler business should see significant step-up on strong orderbook, improved tech capabilities, tie-up with Japanese OEMs

** Forecasts four-wheeler revenue to rise to 14% in FY28 from 9% in FY25

** Expects co to deliver 30% PAT CAGR over FY25-FY28; says valuations remain reasonable

** BELR, listed on May 28, has risen 66% from issue price of 90 rupees

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))