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Buy Gateway Distriparks; target of Rs 85: ICICI Direct

ICICI Direct is bullish on Gateway Distriparks has recommended buy rating on the stock with a target price of Rs 85 in its research report dated August 04, 2022.

August 06, 2022 / 10:02 IST
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ICICI Direct's research report on Gateway Distriparks

Gateway Distriparks (GDL) has a diversified presence in logistics verticals like container train operators (CTO), cold chain logistics, 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 85 i.e. 19x P/E on FY24E EPS.