Gateway Distriparks share price: Buy Gateway Distriparks, target price Rs 342: ICICI Securities

ICICI Securities has buy call on with a target price of Rs 342. The current market price of Gateway Distriparks is Rs 319.45. Time period given by analyst is Intra Day when Gateway Distriparks Ltd. price can reach defined target.

Gateway Distriparks Ltd., incorporated in the year 1994, is a Small Cap company (having a market cap of Rs 3966.66 Crore) operating in Logistics sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 353.11 Crore, up 11.64 % from last quarter Total Income of Rs 316.29 Crore and up 16.09 % from last year same quarter Total Income of Rs 304.18 Crore. Company reported net profit after tax of Rs 46.44 Crore in latest quarter.


Investment Rationale
A faster retracement in the long term chart as 18 quarter decline completely retraced in just 4 quarter highlighting a structural turnaround.

Promoter/FII Holdings
Promoters held 30.2 per cent stake in the company as of June 30, 2020, while FIIs held 26.9 per cent, DIIs 28.5 per cent and public and others 14 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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