Analysts at global brokerage firm Jefferies remain bullish on Belrise Industries and have reaffirmed their ‘Buy’ rating on the auto components and equipment manufacturer, citing strong new-order traction in the automotive segment and the company’s expanding presence in non-auto sectors such as renewable energy and aerospace.
Jefferies analysts Nitij Mangal, Sagar Sahu, Kevin Verghese and Rishi Venkateswaran believe Belrise is well positioned to benefit from rising demand for two-wheelers in India. They expect increasing content per vehicle, along with expansion in four-wheelers and exports, to support the company’s growth.
