Stock to Buy on Monday - Gabriel India – Invest with long term view for HIGH Returns – strong fundamentals and OUTLOOK, says this analyst
Gabriel India Limited shares ended at Rs 142.45 on the NSE on Friday, up by almost 0.14 per cent from the Thursday closing price. The 52-week high of this stock is Rs 162.80, which the stock achieved on 16 August 2021 while the 52-week low for the stock is 90.55, which it hit on 21 October 2020
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Stock to Buy on Monday – Gabriel India share price - If you are looking for a long term investment stock, then here is a top recommendation by Analyst Sandeep Jain. He suggested Gabriel India Shares for high returns. He said that this company is a big name in the shock absorbers segment and offers its services in the automotive segment.
A company of Anand Group, it started with a single product in 1961, when it began its operations.
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Jain said that the company has strong fundamentals and a robust balance sheet.
Though the auto and auto ancillary sector has remained a market laggard, it is expected to pick up going forward, the Tradeswift Director said.
The current lull because of the semiconductor shortage should be utilised as an opportunity, he further said.
Gabriel India Limited shares ended at Rs 142.45 on the NSE on Friday, up by almost 0.14 per cent from the Thursday closing price. The 52-week high of this stock is Rs 162.80, which the stock achieved on 16 August 2021 while the 52-week low for the stock is 90.55, which it hit on 21 October 2020.
The stock has traded both ways over the last 5-6 trading sessions.
Jain puts the target price at Rs 170. He has a 9-12 months view on this stock.
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He said that the downside risks are minimal at this point in time as the stock has seen correction from the top levels.
The stock is available at a PE multiple of 21. The best part is that it supplies its products to all the OEMs.
The company aims to be among the top 5 manufacturers of shock absorbers in the world by 2025. He advised a buy in this stock at current levels.
He said that there was some impact of lockdown last year and this year but it has been able to do well over the last 2-3 quarters.
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