Buy Gateway Distriparks, target Rs 97: KRChoksey

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Buy Gateway Distriparks, target Rs 97: KRChoksey

KRChoksey Research has recommended a buy rating on Gateway Distriparks, with price target of Rs 97. At CMP of Rs 75, the stock is trading at 8.3x on FY09E EPS of Rs 9.0.

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KRChoksey Research has recommended a buy rating on Gateway Distriparks , with price target of Rs 97, in its report dated October 23, 2008. "The company remains cautious on the pricing outlook of its CFS business, amidst slowing container volumes. We expect the margins of its rail business to improve, as the impact of the price hikes would be seen in the subsequent quarters. The company is confident of maintaining healthy growth on the back of its robust expansion plan. At CMP of Rs 75, the stock is trading at 8.3x on FY09E EPS of Rs 9.0. We recommend a BUY on this stock with target price of Rs 97, which represents an upside potential of 29%," says KRChoksey's research report.

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