HomeNewsBusinessBuy Gateway Distriparks; target of Rs 350: ICICI Direct

Buy Gateway Distriparks; target of Rs 350: ICICI Direct

ICICI Direct is bullish on Gateway Distriparks has recommended buy rating on the stock with a target price of Rs 350 in its research report dated October 22, 2021.

October 22, 2021 / 16:46 IST
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ICICI Direct's research report on Gateway Distriparks

GDL has a diversified presence in logistics verticals like container train operators (CTO), cold chain logistics and container freight stations. Rail segment comprises ~70% of consolidated revenues, with the rest being contributed by CFS Has five intermodal terminals, built on owned land at key areas along WDFC

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Outlook

We remain positive on the stock and maintain our BUY recommendation We value the stock at Rs 350 i.e. 23x P/E on FY23E EPS