Its continuing strong OEM and export growth, and adding more product lines in the aftermarket augur well for Gabriel?s earnings growth. We expect higher raw material cost, however, to weigh on margins. We maintain our Buy rating, with a target of `192. OEM business to mirror industry growth. We expect the two-wheeler sector in the next two years to grow 10-12%, passenger cars to grow 8-10% and commercial vehicles, 10-15%. Against this backdrop, we expect Gabriel?s revenue to register a 12.6% CAGR over FY18-20.
Source: moneycontrol.com