Stock market analysts have maintained 'buy' rating on Core Gabriel India Ltd with an intraday target of Rs 31.40.

According to them, interested traders can purchase the stock with a strict stop loss of Rs 28.60.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 32.

Shares of the company, on Monday (Dec 07), closed at Rs 29.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 29.90 and a low of Rs 6.24 on BSE.

Current EPS & P/E ratio of the stock stood at 1.75 & 16.67 respectively.

Gabriel India Ltd has strong presence as a manufacturer and seller of high-class Ride Control Products for the Indian Automotive business taking part in all sectors including passenger cars, utility vehicles, commercial vehicles and 2-wheelers.

Commencing its processes in the year 1961, from its factory in Mulund, Gabriel India took part in the growth of Automotive Industry in India and rasised its production levels through presently six plants and setting up its trade name in OE and Aftermarket.