$2.6+ bn Anand Group's Gabriel India stock up 50% in 6 months; now enters JV with France-based Forvia - Deal details
Gabriel India is in focus.
· LiveMint Markets
Gabriel India and France-based Forvia have formed Faurecia ANAND Seating India Private Limited to bring advanced seating systems to India.
The analysis
Gabriel India reported movement of 50%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +2.0% on the day at ₹1,362.20, and has returned +8.1% over three months. It sits 14% below its 52-week high. The auto sector has moved -4.7% over the same period, so Gabriel India is running 12.8 points ahead of its peers.
For Gabriel India, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- The company directly in focus is GABRIEL.
- Sector exposure: Auto.
In this story
Related coverage
Stock Market Crash LIVE: Sensex Tanks Over 1,200 Points, Nifty 50 Below 22,200; ITC, JSW Steel, IndiGo Among Top Losers
Jio Platform IPO price to be set at Rs 1,065-1,119, says report; check details
Friday heavy lifting saves Nifty from record nine weeks of losses. Can bulls take charge now?
Maruti Suzuki Q2 Results: Date, Time, Dividend News, Earnings Call Schedule And More
Stock Market Today LIVE: Sensex, Nifty 50 Trade Lower; TCS Gains 2%; Paytm, One Mobikwik Slip Over 8% Each