Introduction:
Market leader stock announced plans to acquire assets from a prominent suspension parts manufacturer for ₹600 million. The deal aims to strengthen its presence in the suspension components sector, ensuring growth and partnerships with leading technology providers.
Share Price movement of Gabriel India:
On January 24, 2025, Gabriel India Ltd opened at ₹428.00. The stock reached an intraday high of ₹430.30 1.01% up from previous close ₹426.00 of and a low of ₹417.10. By 02:15 PM, it traded at ₹₹423.80 with a market cap of ₹6,087.63 crore.
Gabriel India new acquisition:
Gabriel India Limited announced on January 24, 2025, its agreement to acquire fixed assets and inventory from Marelli Motherson Auto Suspension Parts Private Limited (MMAS) for ₹600 million. This acquisition aims to bolster Gabriel’s presence in the suspension components market.
The deal includes assets related to shock absorbers, strut assemblies, and gas springs for passenger and commercial vehicles. The acquisition, subject to customary conditions, involves a license agreement with Marelli Italy for manufacturing and technical support. Completion is expected by Q1 FY2025-26.
MMAS, a joint venture between Marelli Europe and Samvardhana Motherson, reported ₹2,603 million in FY24 revenue. Gabriel India’s acquisition reinforces its market position while establishing partnerships with leading technology providers, ensuring continued growth in the automobile components sector.
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Recent news About Gabriel India Co :
On January 9, 2025, Gabriel India reported a 12.23% net profit growth, its sixth consecutive positive quarter. With zero debt, ₹188.89 crore operating cash flow, and 9.61% profit-to-sales ratio, the company showcased strong financial health and efficiency.
Stock performance of Gabriel India for Period of 1 week, 6 months and 1 year:
Gabriel India’s stock performance over the stated period shows a 7.00% decline in one week and a 14.6% drop over six months, reflecting short-term challenges. However, the stock has achieved a 13.0% increase over the past year, showcasing long-term resilience.
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Shareholding pattern of Gabriel India:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 55 | 55 | 55 |
FII | 5.33 | 5.5 | 4.92 |
DII | 13.46 | 12.88 | 12.12 |
Retail & others | 26.2 | 26.6 | 27.97 |
About Gabriel India Co:
Gabriel India Ltd (NSE: GABRIEL) established in 1961, is a leading manufacturer of automotive components, specializing in shock absorbers, struts, and front forks. Serving passenger vehicles, commercial vehicles, and two-wheelers, the company has a strong presence in India and global markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.