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Belrise Industries share price: Shares of Belrise Industries surged sharply in early trade on Tuesday, December 23, after a large block deal and a strategic defence partnership announcement lifted investor sentiment. The stock rose as much as 12.5 per cent to hit an all-time high of Rs 178.40 apiece.

Belrise Industries, an automotive systems manufacturer, was listed on the stock exchanges on May 28, 2025.

The rally came after a sizeable transaction took place in the block deal window before market opening. According to a Zee Business report, around 5.83 crore shares, representing 6.55 per cent equity, changed hands in a block deal worth about Rs 897 crore.

The shares were reportedly sold at Rs 153.70 per share. This was at a discount of nearly 2.94 per cent to the stock’s previous closing price. The offer floor price was also set at the same level.

Sentiment was further boosted after the company announced a strategic agreement with Plasan Sasa, a global player in advanced armour and survivability solutions.

Under the agreement, Belrise Industries and Plasan will jointly explore opportunities in the Indian military market with the ATEMM systems.

ATEMM, or All-Terrain Electric Mission Module, is a self-propelled electric platform. It is designed to enhance payload capacity, energy efficiency, survivability, and mobility for modern armed forces.

The collaboration aims to deliver mission-ready solutions customised for the requirements of the Indian defence sector.

The partnership aligns with the government’s Make in India and Atmanirbhar Bharat initiatives. It includes plans for localised production and technology transfer.

Beyond India, Belrise Industries will also become part of Plasan’s global supply chain, supporting cost-effective manufacturing of advanced systems in India for international markets.