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 ₹115 in intraday trade on Wednesday, July 9, defying weak market sentiment.

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

Belrise Industries share price trend

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

On the NSE, the stock was listed at ₹100, a premium of 11.11 per cent over the issue price of ₹90, and on the BSE, it debuted at ₹98.50, with a premium of 9.44 per cent.

At the fresh record high of ₹115, the auto component stock has jumped 28 per cent in less than two months.

(This is a developing story. Please check back for fresh updates.)