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Last Updated : Nov 20, 2014 11:46 AM IST | Source: CNBC-TV18

Prefer Gateway Distriparks: Kunj Bansal

Kunj Bansal of Centrum Wealth Management is of the view that one may prefer Gateway Distriparks.

Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "We like lot of stocks, but just to clarify logistics these days have typically been considered to be something associated with e-commerce and the delivery of e-commerce packets. There are stocks available in that also but our choice is not particularly from that space our choice is Gateway Distriparks which is also into logistics but more of cargo movement. So, that is one company we like for its comprehensive business model."

"It recently started its train operations where it is coming next to the container co-operation which is an old monopoly and continues to be a very big company supported by the government of India. It's old business of inland container depots continue and also the fact that it's subsidiary Snowman Logistics went in for a successful initial public offering (IPO) and it continues to move up post its listing. So that valuation also keeps getting build into it," he said.

"The company reported very good numbers especially for the cargo movement and good volume growth of September quarter. The stock has moved up sharply in last few days, so may be with yesterday’s correction and if market correction continues for some more time one can get a better entry opportunity. However, irrespective of that, that is one stock within the broader logistics space that we like."

First Published on Nov 20, 2014 11:46 am