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Bloomberg Quint

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Image Credit: Bloomberg Quint

Belrise Industries Share Price Falls Snapping Two-Day Rally

  • Belrise Industries share price fell nearly 2% on Thursday, ending a two-day rally triggered by a 'buy' rating by Jefferies.
  • The stock surged 13% over the last two trading sessions driven by strong growth prospects and attractive valuations highlighted by the brokerage.
  • Belrise Industries, a key player in the two-wheeler metal component market in India, aims to replicate its success in the four-wheeler segment according to Promoter Sumedh Badve.
  • With the stock price falling 1.71% to Rs 114.50 apiece, the one analyst tracking the company maintains a 'buy' rating with a 12-month consensus price target suggesting a 15.9% upside.

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