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Gateway Distriparks surges 15% post Q3 results; analysts see more upside

The stock is trading close to its 52-week high level of Rs 138, scaled on January 29, 2020

stocks, products, inventory, company, sales, logistics, storage
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With most lead industry indicators pointing to a strong demand revival, the management anticipates continuous month-on-month momentum in the growth of volumes for foreseeable future

SI Reporter Mumbai
Shares of Gateway Distriparks surged 15 per cent to Rs 135 on the BSE on Wednesday, amid heavy volumes, after the company’s consolidated net profit nearly doubled to Rs 32.62 crore for the December quarter (Q3FY21), led by strong operating performance. The company, a leading integrated inter-modal logistics facilitator, had posted a profit of Rs 16.39 crore in the year-ago quarter.

The stock is trading close to its 52-week high level of Rs 138 scaled on January 29, 2020. The trading volumes on the counter jumped over three-fold and a combined 1.9 million equity shares changed hands on the NSE

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