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Last Updated : Sep 04, 2015 02:07 PM IST | Source: CNBC-TV18

Add Gateway Distriparks in portfolio: Devang Mehta

Devang Mehta, Sr VP & Head-Eq Advisory at Anand Rathi Financial Services recommends adding logistics stocks including Gateway Distriparks in the portfolio.

Devang Mehta, Sr VP & Head-Eq Advisory at Anand Rathi Financial Services told CNBC-TV18, "One thing is for sure that as and when the economy gets back on track and probably as soon as we see green shoots in the economy, capex coming back, we will also see logistics space doing well and which has generally done well."

"Gateway Distriparks Limited (GDL) is one of the really undervalued stocks in this space with great exposure to cold storages as well as CFDs and this space is going to be remain buzzing in the coming days. The earnings before interest, tax, depreciation and amortization (EBITDA) margins of the company has expanded in the last couple of quarters, around 29 percent margins for the company as well as revenues and profit also showed good bit of growth," he said.

"We feel that this is one company and one space which one needs to keep in a portfolio. In this falling market there is a good opportunity to accumulate a stock like Gateway Distriparks," he added.
First Published on Sep 4, 2015 02:07 pm