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.