Auto Ancillaries Stock Set To Consider Dividend, Shares Gain 115% In 6-Months

Small cap stock from the auto ancillaries sector Gabriel India Ltd will consider interim dividend on November 3, 2023 along with unaudited financial results of the Company for the quarter and half year ended September 30, 2023. Last trading price of Gabriel India share on BSE is Rs 323.60 per share with intraday fall of 5.27%.

Gabriel India shares offered shareholders multibagger returns in last 6-months only and the stock surged 116% in last 1-year. Check details below:

Gabriel India To Consider Interim Dividend, Results On Nov 3: As per the regulatory filing of the small cap company issued after market hours, "Pursuant to Regulation 29(1) clause (a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, a Meeting of the Board of Directors of the Company will be held on Friday, November 03, 2023, inter alia, to consider and approve the following:

1. The unaudited financial results of the Company for the quarter and half year ended September 30, 2023.

2. Declaration of Interim Dividend for the financial year 2023-24.

Gabriel India Declares Record Date For Interim Dividend: The regulatory filing also declared record date for the aforementioned interim dividend which is November 17, 2023.

Gabriel India Stock Performance & Return: Last trading price of Gabriel India share on BSE is Rs 323.60 per share. Its 52-week high price is Rs 358.50 per share and 52-week low price is Rs 129.50 per share, respectively. The company has a market capitalisation of Rs 4648.32 crore. Gabriel India shares gave return of 70% YTD, jumped 115% in last 6-months, and offered a rally of 115% in last 1-year. In last 3-years, Gabriel India stock soared 227%.

Gabriel India Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 805.77 crore, up 11.77% as against Rs 720.90 crore in June 2022. The quarterly net profit of Gabriel India declared at Rs 42.40 crore in June 2023, up 29.12% from Rs 32.91 crore in June 2022. Its EBITDA stood at Rs 73.66 crore in June 2023, up 29.23% as against Rs 57.00 crore in June 2022.

Gabriel India About: Gabriel India Limited is engaged in the manufacturing of shock absorbers, McPherson struts, bimetal strips, bimetal bearings and front forks, among others. Its products are sold to manufacturers of two-wheeler scooters, motorcycles, cars, light commercial vehicles and trucks. The company has been selling its products in India and abroad.

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