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Dividend Stocks: NMDC, Natco Pharma to trade ex-dividend next week, Bajaj Auto to declare buyback

Gateway Distriparks announces relisting as a new merged entity

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The benchmark indices, Sensex and Nifty, on Thursday, December 23, 2021, gained more than half a per cent in volatile sessions. The BSE Sensex rose 385 points, or 0.68 per cent to trade at 57,315. Get more Markets News and Business News on Zee Business.

Gateway Distriparks share price: Add Gateway Distriparks, target price Rs 332: ICICI Securities

GDL remains a direct play on: i) rail freight progressively gaining share over road, accentuated by DFC, ii) cold chain logistics opportunity in India augmented by increased focus on pharma vertical, given its 40% controlling stake in Snowman Logistics. Net debt has reversed up in the quarter, up by Rs270mn QoQ to Rs4.5bn (reported). Net debt at ~ 13% of market cap, majority of the deleveraging benefit is behind us. Also, there is not much debt repayment scheduled for in FY22E. Even with higher EBITDA assumptions for Rail and CFS as well as higher attributed multiple for the rail business, our target price justifies an ADD, leading to the downgrade in recommendation.

Gateway Distriparks Ltd consolidated Q1FY22 PAT at Rs 43 53 crores

Gateway Distriparks Ltd consolidated Q1FY22 PAT at Rs 43 53 crores
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