172@29@17@143!~!172@29@0@53!~!|news|business|stocks|hsbc-retains-buy-on-gateway-distriparks-expects-rail-biz-performance-to-improve-from-q4-2511897.html!~!|controller|infinite_scroll_article.php

Network18 Presents

partnered by

  • Galaxy Note20 | 20 Ultra
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-

Network18 Presents

  • partnered by
  • Galaxy Note20 | 20 Ultra
Last Updated : Feb 20, 2018 03:09 PM IST | Source: Moneycontrol.com

HSBC retains Buy on Gateway Distriparks, expects rail biz performance to improve from Q4

HSBC has maintained its Buy rating on Gateway Distriparks, the logistic firm, with reduced target price to Rs 230 from Rs 290 earlier.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

HSBC has maintained its Buy rating on Gateway Distriparks, the logistic firm, with reduced target price to Rs 230 from Rs 290 earlier.

Rail business performance in Q3 was affected by Indian Railways’ track maintenance work but with leasing of additional rakes, performance is set to improve from Q4 onwards.

Container Freight Stations profitability per container improved during the quarter as impact of direct port delivery scheme is normalising, HSBC said.

Close
The research house expects earnings to grow at a CAGR of 23 percent over FY18-20.
First Published on Feb 20, 2018 03:09 pm
Sections