Gabriel India ticks up after acquiring stake in HL Klemove India

Gabriel India

27/08/2026 05:26

** Auto parts maker Gabriel India GABR.NS shares rise 0.3% to 1,346.9 rupees  
** Gabriel signs JV with South Korea-based HL Klemove, becoming a strategic shareholder in HL Klemove India Private Limited 
** Co acquires close to 30% in HL Klemove India for $98.44 million
** GABR says partnership to expand presence in high-growth automotive segments, including ADAS and automotive electronics
     ** Stock trades at forward 12 month PE of 40.58 vs industry median of 26.05 - data complied by LSEG
** 5 of 6 brokerages covering the stock rate it "buy" or higher; their median PT is 1,664 rupees - data complied by LSEG
** YTD, stock up 32.9% 

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