Moneycontrol
    Moneycontrol PRO
    LAMF
    LAMF

    Hold Gabriel India; target of Rs 145: Sharekhan

    Sharekhan recommended Hold rating on Gabriel India with a target price of Rs 145 in its research report dated May 17, 2019.
    Broker Research
    May 21, 2019 / 22:11 IST

    Sharekhan's research report on Gabriel India

    Gabriel’s Q4FY19 results significantly missed estimates as higher commodity costs and OEM pricing pressure dented margins. Earnings growth to turn negative in FY2020 due to slowing OEM demand and margin contraction due to pricing pressures and adverse mix. Cut FY20 estimates by 18; rollover multiple on FY21 earnings. Rich valuations of 21.9x and 19.4x its FY20/FY21 earnings limit upside scope.

    Outlook

    We retain Hold rating on Gabriel India Limited (Gabriel) with an unchanged PT of Rs 145.

    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.

    Read More Read More

    Broker Research

    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!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert:

    It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347