Devang Mehta of Anand Rathi Fin Svcs told CNBC-TV18, "It is time to be very selective because we were quite bullish on the market since around 7,900-8,000 levels and we said that this is a God-sent opportunity to buy stocks. At that time we were buying a lot of stocks but now we are being very selective and we feel that some of the midcaps would now come to the fore. Last two-three days we have seen market breadth being very good so we feel something like a Gateway Distriparks which is a proxy for sort of a logistic story going forward which is in to CFDs, also they are into cold storage as well as the infrastructure is in place to take the next leap, 29.3 percent operating profit margins for last quarter and going ahead as well as economies of scale coming to the fore."
"So we feel that Gateway Distriparks is slated to do very well from here if somebody has a one year horizon and probably 30-35 percent target from here could very well be possible for the stock," he said.
Disclosure: It is safe to assume that his company and his clients might be having positions. Analyst does not have personal positions in the stock but it is safe to consult investment advisor before investing in the stock.
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