Belrise Industries Soars 11% on Listing: Should You Buy, Hold, or Sell?
Belrise Industries Makes Strong Market Debut
Belrise Industries shares started trading on Wednesday with a bang, listing at an 11% premium on the NSE and a 9.4% premium on the BSE. This enthusiastic reception follows a highly successful initial public offering (IPO) that was over 41 times subscribed, raising a whopping Rs 2,150 crore.
The IPO, which consisted solely of fresh equity shares, was priced between Rs 85 and Rs 90. With the listing price at Rs 100 on the NSE and Rs 98.50 on the BSE, Belrise Industries now boasts a total market valuation of Rs 8,678.10 crore.
What Makes Belrise Industries Appealing?
The company is renowned for its expertise in process engineering and manufacturing. They’re focused on expanding their reach in the automotive industry by increasing the content per vehicle and venturing into electric vehicles (EVs), four-wheelers, and commercial vehicles. Belrise Industries also boasts strong partnerships with leading OEMs like Hero MotoCorp, Bajaj Auto, and Jaguar Land Rover, supplying them with critical safety components and engineering solutions for various vehicle types.
Expert Opinions: Buy, Hold, or Sell?
Analysts seem optimistic about Belrise Industries’ future prospects. Gaurav Garg, from Lemonn Markets Desk, highlights the company’s strong market debut and its focus on future-ready segments, making it a promising long-term investment.
Narendra Solanki, Head of Fundamental Research at Anand Rathi Wealth, advises a ‘Subscribe – Long Term’ stance, encouraging investors to hold the stock for long-term wealth creation.
Mahesh M. Ojha, AVP – Research and Business Development at Hensex Securities, suggests holding the stock for the medium to long term for those who received an allotment. He advises those looking to invest post-listing to wait for price stability. If the stock dips towards Rs 100–105 and fundamentals remain strong, it could present a good entry opportunity.
Disclaimer
It’s important to remember that the investment tips shared by experts are their personal opinions and not recommendations from Moneycontrol. Investors are always advised to consult with certified professionals before making any investment decisions.
