Jefferies Sets Belrise Industries Target Price At 135, But There's A Catch
Автор: NDTV Profit
Загружено: 2025-07-07
Просмотров: 23726
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Jefferies has initiated coverage on Belrise Industries Ltd. with a 'Buy' rating and a price target of Rs 135, indicating a 31% upside potential. The positive outlook is driven by strong growth prospects and attractive valuations. Belrise Industries is a leading player in the two-wheeler metal component market in India, holding approximately 24% market share in key product categories such as chassis and exhaust systems. The company derives about 67% of its revenues from 2W components, 9% from four-wheeler components, and 20% from commodity trading. Jefferies notes, "Belrise is one of India's leading 2W metal component players with a significant market share in its key product categories."
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