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What is the story about?
Shares of Belrise Industries Ltd. will be in focus on Tuesday, December 23, after a large trade took place in the pre-open block window.
As many as 5.83 crore shares or 6.55% of the outstanding equity of Belrise Industries changed hands in the block deal that took place in the block window.
The shares changed hands at an average price of ₹153.7 per share, which takes the total transaction value to ₹897 crore.
Buyers and sellers in the transaction are not immediately known.
Sources indicate that the seller is Sumedh Tools Private Limited, which is part of the promoter group.
Pune-based Belrise Industries, a key player in the auto components space, is optimistic about its growth outlook. The company expects its commercial vehicle revenue to double by FY27, led by expanding OEM partnerships and recent acquisitions.
Speaking earlier to CNBC-TV18, promoter Swastid Badve said commercial vehicles present a major opportunity for the company. He added that while commercial vehicle revenue currently forms a small portion of the overall business, it has already grown over 50% year-on-year in the first half of FY26.
Belrise currently works with five commercial vehicle OEMs and eight passenger vehicle OEMs.
Belrise Industries manufactures a wide range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, and agri-vehicles. Its customer base includes Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.
As per the September quarter shareholding pattern, promoters held a 73.01% stake in the company.
Belrise Industries shares ended Monday's session 2.65% lower at ₹158. The stock has rallied close to 76% from its IPO price.
As many as 5.83 crore shares or 6.55% of the outstanding equity of Belrise Industries changed hands in the block deal that took place in the block window.
The shares changed hands at an average price of ₹153.7 per share, which takes the total transaction value to ₹897 crore.
Buyers and sellers in the transaction are not immediately known.
Sources indicate that the seller is Sumedh Tools Private Limited, which is part of the promoter group.
Pune-based Belrise Industries, a key player in the auto components space, is optimistic about its growth outlook. The company expects its commercial vehicle revenue to double by FY27, led by expanding OEM partnerships and recent acquisitions.
Speaking earlier to CNBC-TV18, promoter Swastid Badve said commercial vehicles present a major opportunity for the company. He added that while commercial vehicle revenue currently forms a small portion of the overall business, it has already grown over 50% year-on-year in the first half of FY26.
Belrise currently works with five commercial vehicle OEMs and eight passenger vehicle OEMs.
Belrise Industries manufactures a wide range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, and agri-vehicles. Its customer base includes Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.
As per the September quarter shareholding pattern, promoters held a 73.01% stake in the company.
Belrise Industries shares ended Monday's session 2.65% lower at ₹158. The stock has rallied close to 76% from its IPO price.
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