Curated By: Business Desk
Last Updated: September 18, 2023, 20:03 IST
The shares of the companies in the automobile sector have been giving high returns to investors. Gabriel India, which is popular for manufacturing shock absorbers and other auto parts for all passenger segment vehicles, has given multifold returns to its investors.
The company’s shares were trading at Rs 2.6 levels in 2002 and currently the share price has surged to nearly Rs 315 per piece on NSE.
After observing this huge growth, the market experts are now advising the investors to sell their stocks. The share price of the company has increased 27 per cent in the last month.
According to a report by Money Control, on September 20, 2002, the shares of Gabriel India were trading at the level of Rs 2.5. The stock has given a return of 12,100 per cent since then compared to its current levels. It means that if a person had invested Rs 82,000 in these shares in 2002, then its value today would have reached nearly Rs 1 crore.
In March 2022, the share price of Gabriel India was at Rs 129 and in just 6 months it jumped to above Rs 300. So, not only in the long term but also in the short term this stock has given huge profits to investors.
Recently, Gabriel India stock surged to a record high of Rs 338.35 on September 5 on NSE. Since then, the multibagger auto ancillaries stock has dropped nearly 7 per cent.
While observing the trend, the online currency trading company, Geojit BNP Prabhas has predicted the possibility of the stock falling by 13 per cent.
The market capitalisation of Gabriel India currently stands at Rs 4,520 crore. Shares of Gabriel India have surged 70 per cent so far this year.
Shares of the Gabriel India closed at 0.72 per cent lower at Rs 315.25 apiece on NSE on Monday.