Why Gabriel India share price is rising today?

India Share Price : Auto components maker Gabriel India shares on Tuesday (July 1) zoomed 20 per cent to freeze at the day's upper circuit. The stock opened at the upper price of Rs 842.75 -- also its all-time high. A total of 4.14 lakh shares changing hands during today's trade. The counter is gaining for the last six consecutive trading sessions, having delivered a solid return of 42 per cent. The counter is trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages. Today's heavy buying in Gabriel India shares came as the company made an announcement to restructure its business. The company said that its restructuring plan is aimed at consolidating operations and enhancing long-term growth.