Auto component

Technical Stock Pick: Breakout from a ‘Flag’ pattern could take Gabriel India to fresh highs; time to buy?

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Technical Stock Pick: Breakout from a ‘Flag’ pattern could take Gabriel India to fresh highs; time to buy?

Gabriel India Ltd, part of the auto component space, underwent consolidation after hitting record high in December 2023 which has taken the shape of a Flag pattern on the daily charts. A clear breakout from the pattern could take the stock to fresh record highs above 440 in the short to medium term, suggest experts. … Read more

When auto revs up, parts makers not far behind

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When auto revs up, parts makers not far behind

Mumbai: Auto component makers are back on investors‘ radar as a rebound in vehicle sales and increased supply of chips have improved the outlook for the sector. Shares of Sona BLW Precision, Minda Industries, Suprajit Engineering, Jamna Auto, and Minda Corp have rallied between 10% and 30% in the past month. Lumax Industries, Wabco India, … Read more