01-01-1970 12:00 AM | Source: Accord Fintech
Gabriel India trades marginally higher on incorporating wholly owned subsidiary
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Gabriel India is currently trading at Rs. 203.40, up by 0.40 points or 0.20% from its previous closing of Rs. 203.00 on the BSE.

The scrip opened at Rs. 205.70 and has touched a high and low of Rs. 205.70 and Rs. 202.75 respectively. So far 1766 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 208.40 on 12-Jul-2023 and a 52 week low of Rs. 127.80 on 27-Jul-2022.

Last one week high and low of the scrip stood at Rs. 208.40 and Rs. 200.05 respectively. The current market cap of the company is Rs. 2936.08 crore.

The promoters holding in the company stood at 55.00%, while Institutions and Non-Institutions held 13.65% and 31.35% respectively.

Gabriel India has incorporated a wholly owned subsidiary (WOS) named Gabriel Europe Engineering Centre (G.E.E.C.) situated at Belgium. The company has incorporated G.E.E.C. to undertake the business of conducting research and development, purchasing, selling, renting and promoting technology and product of specific vehicle components, systems and allied processes including all related services thereto. Developing, applying for and commercializing patents and licenses.

Gabriel India is a producer and supplier of high quality Ride Control Products for the Indian Automotive Industry participating in all segments i.e. Passenger Cars, Utility Vehicles, Commercial Vehicles and Two Wheelers.