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Buy Gabriel India; target of Rs 433: Sharekhan

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.

March 20, 2024 / 14:06 IST
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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.

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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.