Belrise Industries' stock jumped 13.6% in early trade on Dec 23, reaching a new high of ₹179.90 per share.
Block deal drives the surge
A block deal of 5.83 crore shares (about 6.55% of the total equity) was executed at an average price of ₹153.7, valuing the transaction at roughly ₹897 crore. The seller was Sumedh Tools Private Limited, a company linked to the promoters.
Who owns Belrise?
- Promoters: 73%
- Public shareholders: 15.3%
- Foreign institutional investors (FIIs): 7.7%
- Domestic institutional investors (DIIs): 4.4%
Analyst optimism and growth plans
JM Financial started covering the stock with a “buy” rating and a target of ₹215, based on a 25‑times FY28 earnings multiple. The firm sees strong growth from Belrise’s push into the four‑wheel (4W) segment, aiming to double revenue in the next 2‑2.5 years.
The growth is expected to come from a richer product range and the recent purchase of H‑One, which adds high‑strength steel technology and links to two Japanese OEMs. Another acquisition, Mag Filters, opens doors to India’s leading 4W manufacturers.
Investec also gave a “buy” rating with a ₹185 target, citing expanding OEM ties, new products, and higher selling prices due to premiumisation.
Stock performance since the IPO
Belrise listed in May 2025 at ₹100 per share, a small premium over the issue price of ₹90. The stock closed its debut day up over 8% and has since doubled, now trading about 100% above the issue price.
What this means for investors
The block deal and analyst upgrades suggest confidence in Belrise’s move toward more complex automotive components, especially for cars and commercial vehicles. However, investors should consider the risks and do their own research before deciding.
Remember, this is just an overview, not a prediction. Always do your own research or consult a financial advisor before making any investment decisions.