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.
The research house expects earnings to grow at a CAGR of 23 percent over FY18-20.
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