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The Economic Times

Nikhil Agarwal

Jefferies raises target price of auto ancillary stock that's venturing into aerospace

Jefferies India

Jefferies has raised its target price on auto component maker Belrise Industries while reiterating its bullish stance on the stock, citing strong earnings growth, robust order wins and an expanding global footprint in aerospace and defence.

Jefferies’ India autos and auto parts team has maintained a 'Buy' rating on Belrise Industries with a revised price target of Rs 250, implying a 19% upside from the previous close of Rs 210.50. The target price has been increased from Rs 215 and is based on 26x FY28 estimated earnings per share (EPS).

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