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Jefferies raises Belrise Industries target price, sees 18% upside on strong demand, business expansion

Jefferies retained its Buy rating on Belrise Industries and raised its target price to Rs 280, citing strong automotive orders, two-wheeler demand and expanding renewable energy and aerospace businesses. The brokerage expects robust earnings growth, though customer concentration and margins remain key risks.

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Economic TimesLean R·3h ago
Jefferies raises Belrise Industries target price, sees 18% upside on strong demand, business expansion
Jefferies retained its Buy rating on Belrise Industries and raised its target price to Rs 280, citing strong automotive orders, two-wheeler demand and expanding renewable energy and aerospace businesses. The brokerage expects robust earnings growth, though customer concentration and margins remain key risks.
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Jefferies raises Belrise Industries target price, sees 18% upside on strong demand, business expansion

How 1 sources are covering this