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You are here : IndiaNotes >> Research & Analysis >> Companies >> Gateway Distriparks Ltd. >> Research

Gateway Distriparks: One of the most bullish stocks

Adaaf Advisory Service | 03 Nov, 2014  | Follow Author | Add to my Favourites 
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Gateway Distriparks Ltd. provides freight management and logistics services. The company operates through four segments: Container Freight Station, Transportation, Road Transportation and Other Operating Segments.


Gateway Distriparks reported a 14% increase in consolidated revenue for June'14 quarter, lead by a 43% increase in revenue from cold chain and Snowman business. OPM increased by 190 bps due to higher throughput from CFS business and higher volume growth in Snowman and Rail business resulting in better economies of scale for the company. Lower other income, down by 15% and higher interest and depreciation costs up by 35% and 28% restricted the PBT growth to 14%. After paying total tax up by 11%, consolidated PAT for June'14 quarter stood at Rs 36.92 crore, up by 23% YoY.


Commenting on the results, Mr Gopinath Pillai, Chairman of Gateway Distriparks Limited said, 'We are positive on the outlook of our businesses. The listing of Snowman Logistics will unlock inherent value and the potential of the cold chain operations. The coming on stream of the Faridabad facility will further enhance the performance of the rail operations. Increase in global trade and a stable business scenario in India should have a positive impact on the CFS operations. Overall, GDL group is expected to improve its performance further in the current financial year (2014-15)'


Technical:


Amongst the mid cap stocks, this is one of the most bullish stocks showing lot of traction. On the lower side 248 being 50 DMA is a good support area and investors can buy this stock with 246 as a stop loss on close basis. As this stock has managed to go above 300, it will achieve the target of 350 in the medium term.


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About Adaaf Advisory Service

Adaaf Advisory Service (www.adaafadvisory.com) is a unique Stock Advisory Company, the one of its kind, wherein the services are focused on delivery based investment & wealth creation. The company discourages and discards Day's Trading, Derivative Trading and Speculation. The company is promoted by Imtiaz Merchant, an expert Equity Research Analyst with an experience of over 17 years. Adaaf Advisory Service is very particular in stock picking, the company screen’s companies based on its ethical investing norms. The company does not suggest investing in companies that are in huge debts but rather picks stocks that are least leveraged. Adaaf Advisory Service’s idea of Ethical investment is based on investing in socially responsible businesses.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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