Belrise Industries shares jump 5% after Jefferies initiates ‘Buy' rating with target price of Rs 135
Jefferies highlighted Belrise's positioning as a key supplier of metal components to the two-wheeler (2W) industry, with growing exposure to four-wheelers (4Ws) and export markets. The firm expects Belrise to deliver a 12% compound annual growth rate (CAGR) in both revenue and EBITDA, along with 18% EPS growth over the next three years.
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The note pointed to structural trends such as improving two-wheeler demand, ongoing premiumization across the auto segment, and increasing content per vehicle as supportive factors. Jefferies also mentioned that any simplification of the company's group structure could help unlock additional value.
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