Belrise Industries stock rallies to fresh peak amid block deal activity and defence partnership

Belrise Industries shares surged sharply in early trade on December 23, touching a record high after heavy block deal activity boosted investor interest. The stock jumped up to 13.6% after a large pre-market transaction, where about 5.83 crore shares, representing nearly 6.55% equity, reportedly changed hands at ₹153.70 per share. Market participants tracked the deal closely as reports indicated promoter group entity Sumedh Tools was the seller. Sentiment was further supported by the company’s announcement of a strategic agreement with Plasan Sasa to jointly explore Indian defence opportunities using ATEMM systems, aligning with Make in India initiatives.