India's Belrise jumps, Jefferies lifts PT on growth visibility

Belrise Industries

26/05/2026 06:26

** Jefferies raises PT on India's Belrise Industries BELR.NS to 250 rupees from 215 rupees, maintains "buy" rating, citing strong order wins, an expanding business footprint and healthy earnings growth prospects

** BELR rises 4.6% to two-week high at 223.20 rupees, set for best session in over two months

** Co entered the global aerospace supply chain through acquisitions, signed a partnership to explore defence opportunities - brokerage sees them as potential medium-term growth drivers

** Jefferies expects Belrise - a key supplier of chassis and exhaust systems to 2-wheeler makers - to benefit from cyclical recovery in 2-wheeler demand, alongside higher component content per vehicle and gradual expansion into passenger and commercial vehicles

** BELR's 12-month forward P/E ratio at 25.99, higher than avg 24.22; Jefferies says valuation justified by growth visibility and expanding capabilities

** YTD, BELR up 18%

 (Reporting by Pranav Kashyap in Bengaluru)

 ((pranav.kashyap@tr.com; +919886482111;))