Gabriel India falls as twin deals overshadow positive Q1 results

Gabriel India

22/07/2026 07:57

** Shares of auto parts maker Gabriel India GABR.NS fall 7.4% to 1,379 rupees 
** Co says it will acquire a 28.9% stake, worth 22.31 billion rupees ($231.3 million), in HL Mando Anand India, a joint venture between South Korea's HL Mando Corporation and Gabriel's controlling shareholder Asia Investments Pvt Ltd
** Acquisition will be funded through a share swap with AIPL valued at 18.81 billion rupees, while the remaining 3.50 billion rupees will be paid in cash
** GABR will also invest $98.44 million for 37.8 million shares in HL Klemove India
** April-June quarter revenue from operations jumps 15.5%; Profit after tax rises about 2%
** 4 of 5 brokerages rate the stock "buy" or higher; their median PT is 1,283 rupees
** YTD, stock up 37% 


($1 = 96.4700 Indian rupees)

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))