Multibagger stock: Gabriel India share price jumps 79% in 13 sessions. What’s next for this auto ancillary stock?
Multibagger stock: Gabriel India share price has experienced a positive trend for the 13th consecutive session, increasing by 3% during Thursday’s trading. Over the past 13 sessions since June 23, Gabriel India share price has surged approximately 79%. The company recently revealed that its board of directors has approved a notable investment of ₹26.83 crore in Jinhap Automotive India Private Limited (JAIPL).
This strategic decision will lead to the formation of a joint venture with South Korea’s Jinos Co, Ltd, positioning JAIPL as a subsidiary of Gabriel India with a 51% ownership stake, with the goal of expanding into the automotive and industrial fasteners sector.
According to ICICI Direct Research, the fasteners industry is…
