Belrise Industries shares rose sharply on Tuesday, December 23, 2025, after a large block deal and a new defence agreement drew investor attention. The stock hit a fresh high in early trade as volumes also picked up.

On the BSE, Belrise Industries climbed as much as 13.4{3ed7819c3563dca85364f9c966d48c284cd3d43c23a196a6bbb99b5b9eebb247} to an intraday high of ₹179.95. The move came after a block deal of about ₹896.73 crore was reported at ₹153.70 per share.

The block deal was linked to a promoter group entity selling a sizable stake. The transaction was estimated at about ₹897 crore and likely involved 5.83 crore shares, or around a 6.56{3ed7819c3563dca85364f9c966d48c284cd3d43c23a196a6bbb99b5b9eebb247} stake, according to a report that cited management comments to CNBC-TV18. The report added the sale was done to meet minimum public shareholding rules, after a proposed merger of related entities was expected to push promoter holding above 75{3ed7819c3563dca85364f9c966d48c284cd3d43c23a196a6bbb99b5b9eebb247}.

A second trigger was Belrise’s agreement with Israel-based Plasan Sasa, announced on Monday, December 22, 2025. The two firms said they will jointly pursue opportunities in India’s military market around the ATEMM (All-Terrain Electric Mission Module) system, an electric mission vehicle platform.

Reports said the agreement includes plans for local production and technology transfer, and that Belrise is expected to become part of Plasan’s wider supply chain over time.

Reports also said that 63.1 million pre-listing shares held by the promoter group and other public shareholders were released from lock-in with effect from December 18, 2025, based on a company filing.

Belrise moved higher on December 23 after a large stake sale in the market and after the company announced a defence-focused agreement a day earlier. The stock hit ₹179.95 during the session, while reports linked the block deal to a promoter group sale aimed at meeting public shareholding norms.

Belrise Industries shares rose on Tuesday as traders reacted to both the large block deal and the defence agreement announced the previous day, pushing the stock to a new session high on strong activity.