Gabriel India extends rally on margin-boosting automotive deal

Gabriel India

01/07/2025 07:04

** Shares of Gabriel India GABR.NS surge 20% to 843 rupees

** GABR extends gains to its sixth straight session, adding 42% over the period

** Co's board approved plan to acquire and merge Asia Investments Pvt Ltd's automotive business - filing

** Deal will help co diversify offerings, reduce dependency on a single product and boost growth with better margins - GABR

** YTD stock has jumped 78%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))