1 month ago
Sharekhan is bullish on Gabriel India has recommended buy rating on the stock with a target price of Rs 433 in its research report dated March 19, 2024.
Broker Research
March 20, 2024 / 11:28 AM IST
Buy
Sharekhan's research report on Gabriel India
Sunroof project is on track and the company continues on its diversification strategy. Gabriel is sustaining a high-margin trajectory and aspiring for a double-digit margin in coming years. Stock trades at a P/E multiple of 17.3x and EV/EBITDA multiple of 10.8x its FY2026 estimates.
Outlook
We maintain a Buy rating on Gabriel India with an unchanged PT of Rs. 433, owing to its strong brand equity, market share expansion strategy, focus on profitability, expectation of a rise in content per vehicle, inorganic growth strategies, and renewed thrust on exports.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
