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Last Updated : Aug 04, 2020 07:39 AM IST | Source: Moneycontrol.com

Buy Gateway Distriparks; target of Rs 110: Sharekhan

Sharekhan is bullish on Gateway Distriparks has recommended buy rating on the stock with a target price of Rs 110 in its research report dated July 30, 2020.

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Sharekhan's research repor on Gateway Distriparks

For Q1FY2021, GDL reported better than expected net earnings led by strong outperformance on OPM front. Rise in imports, savings in haulage charges and accrual of ground-rent led to strong beat on operational profitability. GDL continues to focus on de-leveraging with proposed rights issue. Post which, it will be undertaking capex plan for its rail vertical. Snowman logistics is expected to fare well with improving operational profitability and capacity expansion plan.


We maintain Buy on Gateway Distriparks Limited (GDL) with an unchanged SOTP-based PT of Rs. 110 due to attractive valuation and improving growth and profitability outlook of its key verticals.

For all recommendations report, click here

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First Published on Aug 4, 2020 07:39 am