BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang initiates Gabriel India with buy
Nirmal Bang has initiated coverage on Gabriel India with a 12-month target price of Rs151), up 22 per cent from the current market price, as we expect it to report a strong 21 per cent earnings CAGR over FY17E-FY19E backed by: 1) Automobile demand recovery post demonetisation, and 2) Improved revenue mix.