Shares of auto-component maker Gabriel India surged by the daily 20% limit for a second straight session on 2 July, lifting the stock to Rs 1,011 on the National Stock Exchange and extending a seven-day rally to roughly 71%. The advance followed the company’s announcement of a composite restructuring plan aimed at broadening its product portfolio and consolidating group operations. Under the scheme, Anchemco India will be merged into group holding company Asia Investments, while the latter’s automotive business—including investments in Dana Anand India, Henkel Anand India and Anand CY Myutec Automotive—will be demerged into Gabriel India. The company said it will issue 1,158 new shares for every 1,000 shares held in Asia Investments to complete the transaction. Brokerage Elara Capital responded by raising its 12-month price objective to Rs 1,115 from Rs 666, citing the transition from a suspension-focused firm to a multi-product supplier of brake fluids, coolants, adhesives and sunroof systems. Elara projects the deal could lift Gabriel’s earnings per share by more than 30% in FY27–28 once approvals are secured, and sees further re-rating potential in India’s expanding auto-ancillary market.