Synopsis: A leading auto ancillary company posted strong quarterly growth, with net profit soaring 82 percent YoY, driven by premium products, EV orders, and operational efficiencies, sparking positive investor sentiment.

A leading auto ancillary stock surged in Wednesday’s trade after reporting strong sequential and annual growth in profitability for the September quarter, supported by rising premium product sales and cost efficiencies. Investor sentiment remained upbeat following the company’s robust performance and improvement in margins.

Belrise Industries Ltd ., with a market capitalisation of Rs. 13,797.58 crore, opened at Rs. 156.10 and touched an intraday high of Rs. 158.45 and had a previous close of Rs. 151.45, marking a gain of 4.6 percent at the day’s peak.

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