India's Belrise Industries gains; Jefferies starts with 'buy'

Belrise Industries

08/07/2025 06:23

** Auto components maker Belrise Industries BELR.NS rises as much as 6.6% to 109.25 rupees

** Jefferies starts with "buy"; sets PT at 135 rupees, an upside of 38% to last close

** Expects healthy 12% revenue CAGR over FY25-FY28, led by rising two-wheeler (2W) demand, industry premiumisation, increasing content-per-vehicle, expansion in four-wheelers, exports

** Says any simplification of group structure can further boost valuations

** Notes co enhancing 2W content-per-vehicle by 38% through portfolio expansion, including proprietary components like steering columns, brakes, filters

** BELR last up 2.2%, gains 4.8% since listing on May 28

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))