Prefer Gabriel India, says Prakash Diwan

Prakash Diwan of Altamount Capital Management told CNBC-TV18, “Gabriel India does have Rs 900 crore of marketcap and sales of about Rs 1,400-1,500 crore. The matrix are not so easy to ignore and the kind of leadership that it has as a original equipment manufacturer (OEM) supplier on the rider control gadgets and equipment like forks and shock absorbers and other that it is phenomenal.”

“It needs a little bit of a re-look. The valuations are quite compelling, you just valuing it at about five times FY15 right now,” he added.