In the frenzied world of Indian IPOs, few things capture investor imagination quite like a "foreign broker endorsement."On July 7, Jefferies initiated coverage on Belrise Industries with a buy rating and 31% price-rise target. After trading in the ₹100-₹103 channel for weeks following its May 28 listing, Belrise shares surged 9.40% to ₹112 on July 8, the day after Jefferies published its research report.
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