New Delhi, July 9 -- A newly listed auto components stock has been witnessing healthy traction of late even as the Indian stock market trades rangebound due to tariff-related uncertainties. The stock in focus is Belrise Industries. Belrise Industries' share price hit a fresh record high of Rs.115 in intraday trade on Wednesday, July 9, defying weak market sentiment.

Belrise Industries shares opened at Rs.113.20 against their previous close of Rs.112.55 and climbed over 2 per cent to their all-time high of Rs.115. Around 10:45 AM, the stock traded 1.07 per cent up at Rs.113.75. Equity benchmark Sensex was flat at 83,709 at that time.

Belrise Industries share price has seen a solid gain since its listing on the BSE and the NSE on May 28 t...