Multibagger Stock Tips Brokerage Firm Sharekhan Claims This Auto Share Can Give 27 PC Profits | Multibagger Stock Tips: Brokerage Firm Claims


Multibagger Stock: If you want to invest in auto stocks, then shares of Gabriel India Limited can be a good option for you. Amidst the turmoil in the market this week, brokerage house Sharekhan has predicted a rise in the stock of Gabriel India Limited. The brokerage firm has set a target price of Rs 173 for the stock which shows a gain of around 27% over the current market value of Rs 136.

What has Sharekhan to say,
In its latest report, Sharekhan has analyzed, “Gabriel India Limited (GIL) continues to gain market share in two- and three-wheeler (2W & 3W), passenger vehicle (PV) segment. Commercial vehicle (CV) segment With focus on new customer acquisition, the company has developed strong capabilities and is well positioned to benefit from the increasing penetration of Electric Vehicle (EV), especially in the two-wheeler sector. Looking at the entrants, the company is selectively identifying partners in the e-2W and e-3W segments.”

The brokerage’s research report also states that the company has bagged new domestic and export orders across all segments in FY2021 and expects significant improvement in its business from Maruti Suzuki in FY2022. We remain positive on Gabriel, thanks to his leadership position and brand recall.

Sharekhan said, “Keeping in view the improving automotive demand, its readiness to benefit from the adoption of e-2Ws in India and comfortable valuation multiples, we maintain a ‘Buy’ rating on Gabriel with an unchanged PT of Rs 173.” “

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