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Buy Gateway Distriparks: target of Rs 210: Sharekhan

Sharekhan is bullish on Gateway Distriparks has recommended buy rating on the stock with a target price of Rs 210 in its research report dated February 19, 2021.

February 22, 2021 / 16:04 IST
     
     
    26 Aug, 2025 12:21
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    Sharekhan's research report on Gateway Distriparks

    Container volumes at ports and railways see growth momentum picking up during January 2021. Merchandise exports and imports trade show an improving trend. Strong volume growth outlook during FY2023 and FY2024 led by improving EXIM trade environment, commissioning of western DFC line, and phase II JNPT expansion. Capex of Rs. 120 crore over the next two years for setting up two satellite rail terminals. Consolidated net debt reduced to Rs. 494 crore from Rs. 681 crore in FY2020.

    Outlook

    We retain Buy on Gateway Distriparks Limited (GDL) with a revised SOTP-based PT of Rs. 210, as we see further room for upside considering improving growth and profitability outlook for its key verticals.

    For all recommendations report, click here

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    Broker Research
    first published: Feb 22, 2021 04:04 pm

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