Gabriel India gains as quarterly profit climbs

Gabriel India

21/05/2025 06:50

** Shares of Gabriel India GABR.NS jump 8.8% to 673 rupees

** Stock set for highest one-day pct gain since March 2025

** Auto parts maker posts 31% rise in Q4 consol profit to 643.6 mln rupees ($7.52 mln), rev from ops grew 17% Y/Y

** ICICI Direct says co is well-entrenched among all two-wheeler and three-wheeler players with a foray into the EV space

** Stock rated "strong buy" on avg; median PT is 567 rupees, per data compiled by LSEG

** Trading volume over 2 mln shares, ~6x the 30-day moving avg

** Stock up 31.4% YTD

($1 = 85.6000 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))