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Gateway Distriparks is not available very cheaply: Shah

Published on Mon, Nov 13, 2006 at 20:53 , Updated at Mon, Nov 13, 2006 at 20:54
Source : Moneycontrol.com

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Gateway Distriparks, in terms of current valuations, is not available very cheaply. Even after the sharp correction in the market as well as in the stock, it still looks very expensive.

 

The stock is trading 20 times FY07 earnings and 15 times FY08 of my estimated earnings. The stock is very richly valued even at the current levels. However, with a 12 month investment perspective from now one can expect to make 20-25%. But nothing better than that.

 

I don’t think there is much left for investors on the table in the near term. My one-year price target for the stock is Rs 283, which is 31.5% from the current levels.

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