New Delhi, Sept. 17 -- Belrise Industries, a recent entrant on Dalal Street, saw its share price spike 6.5% intraday on Wednesday, September 17, reaching Rs.154.33 apiece, following a positive outlook from global brokerage firm Investec in its latest report. Investec believes the company is well positioned for growth as it expands its OEM ties, rolls out new products, and improves ASP through premiumization.

Belrise Industries is an Indian automotive component manufacturer offering a wide range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles.

Investec has initiated coverage on the stock with a 'buy' rating and set a target price of Rs.18...