Gabriel India Ltd.
Inverse H&S Pattern: Monthly Basis
IH&H Price Trendline Broken/Sustained.
Strong Resistance at 170. Once Taken Out/Sustains. Good to go!
Strong Vol. Consolidation/Further BuiltUp
*With Upside, Trail SL*
*Book Profit as per Risk Appetite*
*Snapshot*
Estab. in 1961, Flagship Co. of Anand Group, manufactures Ride Control products: Shock absorbers, Struts, Front forks. Has 9 manufacturing units in India/ 500 dealer network/ 10,000 retail outlets. Exports to 25 Counties. Strong R&D: ~43 patents (Product/Process).
Technical collaboration: KYB (Japan), KYBSE (Spain), Yamaha Motors Hydraulic, KONI.
Growing order book. 2W/3W demand picking up.
Focus on EV developments, improving market share across business segments/ Expanding geographic presence: +ve for Co.
Sales Improving on Qtrly/Yrly Basis.
Sharp Growth in RoA/RoE/RoCE in FY22 vs. FY21.
Low Leverage. Improving TNW. Moderate C&CE.
Short WC Cycle.
Stable Promoter Stake.
FII stake up since Dec'21/DII up since Jun'21
*Concern:*
Reduced CF from Ops.
*Do Your Own Research as Well. This is Just an Opinion.*
Happy Investing :)