Continuous weakness in the automobile sector has hurt the financial performance of many auto component manufacturers. Gabriel India (CMP: Rs94.15, Mcap: Rs1,352 crore), which makes ride control products and solutions, is no exception. In the quarter gone by, it posted a double-digit decline in net revenue, which is not surprising given the double-digit decline faced by the industry. Operating profitability also contracted due to negative operating leverage consequent to lower volumes. We believe that the downturn is cyclical and Gabriel...
Moneycontrol Pro Panorama | Bear Bottom
May 25, 2022 / 04:36 PM IST
In today’s edition of Moneycontrol Pro Panorama: Modi govt turns 8, Zomato’s stock appeal, the dark side of Russia sanctions, windfall from stock rout and moreRead Now
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