Shock Value

A stock with solid fundamentals, Gabriel India (Gabriel) appears fully valued at its current market price of Rs 310. Last year sales shock absorbers accounted for most of the sales of Rs 157.89 crore. Gabriel supplies mainly to Maruti Udyog, Telco, Hindustan Motors and Premier Automobiles. Last year, sales volume grew 28 per cent to over 4.4 million. But percentage volume growth is expected to fall in the current year though Gabriel's capacity is going up to 8.6 million in 1997. Says Haresh Javeri, analyst with Securities Capital Investments,