Multibagger stock, July 10 -- Gabriel India share price has experienced a positive trend for the 13th consecutive session, increasing by 3% during Thursday's trading. Over the past 13 sessions since June 23, Gabriel India share price has surged approximately 79%. The company recently revealed that its board of directors has approved a notable investment of Rs.26.83 crore in Jinhap Automotive India Private Limited (JAIPL).

This strategic decision will lead to the formation of a joint venture with South Korea's Jinos Co, Ltd, positioning JAIPL as a subsidiary of Gabriel India with a 51% ownership stake, with the goal of expanding into the automotive and industrial fasteners sector.

(more to come)

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