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    HomeNewsBusinessStocksBuy Gati; target of Rs 150: ICICI Direct

    Buy Gati; target of Rs 150: ICICI Direct

    ICICI Direct is bullish on Gati has recommended buy rating on the stock with a target price of Rs 150 in its research report dated February 09, 2017.

    February 13, 2017 / 14:14 IST

    ICICI Direct's research report onGati

    Gati’s consolidated revenue for Q3FY17 sequentially remained flattish (up 2% YoY) to Rs 424.9 crore (I-direct estimate: Rs 411 crore). Higher than-expected growth was on account of growth of 9% in standalone revenues to Rs 130.8 crore, primarily driven by higher e-commerce revenues (up 13% YoY) and improved fuel sales (up 24% YoY).

    Outlook

    We believe the growth rates would be much higher post GST-stabilisation period. Hence in our two phase DCF model we taper FY16-20E growth rates to a CAGR of 11% and raise growth rates to 13% over 2020-25. We maintain BUY recommendation on the stock.

    For all recommendations, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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    first published: Feb 13, 2017 02:14 pm

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