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Buy Gateway Distriparks: target of Rs 235: Sharekhan

Sharekhan is bullish on Gateway Distriparks has recommended buy rating on the stock with a target price of Rs 235 in its research report dated April 27, 2021.

June 09, 2021 / 18:27 IST
     
     
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    Sharekhan's research report on Gateway Distriparks

    For Q4FY2021, GDL reported better-than-expected operational performance led by its Rail division. Strong operational performance and lower interest expenses helped net earnings beat estimates. Second wave of COVID-19 is unlikely to affect volumes in Q1FY2022. Expect vaccination drive to ease near-term impact on volumes while growth drivers remain intact. Capex of Rs. 120 crore planned over the next two years for setting up two satellite rail terminals along with a lookout on acquisitions. Consolidated net debt fell in Q4, strengthening balance sheet.

    Outlook

    We maintain a Buy on Gateway Distriparks Limited (GDL) with a revised SOTP-based PT of Rs. 235 as we expect improved operational profitability to sustain.

    For all recommendations report, click here

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    Broker Research
    first published: May 13, 2021 01:26 pm

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