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Gabriel: EVs, sunroof offer a wide playing field on growth

Money Control · 1y

Gabriel India, a leading shock-absorber manufacturer, delivered a strong performance in Q3FY24. The company's improved realisations were the key driver behind their quarterly results. They hold a leadership position in the aftermarket, export, and electric vehicle segments, presenting significant growth opportunities. The recent joint venture in the car sunroof segment also adds to their growth prospects. Although valuations are not cheap, the medium-term outlook for the company has improved. Analysts recommend accumulating the stock on any corrections.