Buy Gabriel India, target Rs 120-130: Ambareesh Baliga

Ambareesh Baliga, Market Expert told CNBC-TV18, "In Gabriel India for FY'16 if I am looking at an earnings per share (EPS) of about closer to Rs 6 and looking at the sort of potholed roads, the replacement market is going to be decently large for this company.""Looking at the price performance there is a long way to go and at these levels one could look at buying it. My price target if you are talking of the next 6-9 months is about Rs 120-130 but it can go higher than that if you hold for longer term," he said.