In a research report dated September 28, 2023, Sharekhan has expressed a bullish stance on Gabriel India, recommending a “buy” rating on the stock with a target price of Rs 384.
Sharekhan’s research analysis of Gabriel India points to several factors contributing to their optimistic outlook on the company’s prospects. They anticipate a growth in the content per vehicle, primarily attributed to an increase in market share within the electric car sector. Additionally, the company’s progress on the sunroof project, expansion efforts in overseas markets, margin-enhancing inorganic growth strategies, and a renewed emphasis on exports all play pivotal roles in shaping this positive outlook.
One key aspect that seems to be catching investors’ attention is the stock’s attractive valuation, with a price-to-earnings (P/E) ratio of 17.8x and an enterprise value to earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio of 10.7x for FY26E estimates.
In light of these factors, Sharekhan is maintaining its “Buy” rating on Gabriel India’s stock, and they have revised their price target (PT) to Rs 384. This revised PT reflects their confidence in Gabriel India’s substantial brand equity, expansion strategy for market share, and continued focus on enhancing profitability. Investors may find this recommendation influential as they consider their investment decisions.
