On the BSE, 2.64 lakh shares were traded in the counter so far compared with average daily volumes of 0.94 lakh shares in the past two weeks. The stock hit a 52-week high at Rs 297.15 in intraday today. The scrip hit a 52-week low of Rs 129.50 on 28 Match 2023.

The stock had outperformed the market over the past one month, rising 31.79% as against Sensex's 1.9% decrease.

The scrip had outperformed the market in past three months, advancing 69.29% as against 5.54% increase in Sensex.

The counter had also outperformed the market in past one year, soaring 91.73% as against Sensex's 10.81% rise.

On the technical front, the stock's daily RSI (relative strength index) stood at 84.687. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 210.67, 186.19 and 178.25, respectively. These levels will act as crucial support zones in near term.

Gabriel India is offers ride control products catering to all segments in the automotive industry. The Company has seven manufacturing plants spread accross India.

The company's standalone net profit jumped 29.1% to Rs 42.49 on 11.8% increase in net sales to Rs 805.77 crore in Q1 FY24 over Q1 FY23.