Stock to Buy: National Logistics Policy may give rise to 27% in this stock, brokerage gives target price of Rs 230 – Hem Securities recommends buy rating on Gati Ltd shares see 27 percent upside know target price

Domestic brokerage firm Hem Securities has expressed confidence in logistics sector company Gati Ltd. The brokerage has a buy call on the stock with a target price of Rs 230. Hem Securities in a research report released on October 8 has given this target price to the shares of Gati Ltd.

Shares of Gati Ltd closed at a price of around Rs 180.15 on NSE on Monday. Thus, Hem Securities expects Gati Ltd. to gain about 27 per cent from the current price.

On what basis did the brokerage express its trust?

Hem Securities in its report said, “Gati Ltd reported good June quarter results and we believe that the company will continue to deliver good results in the coming quarters on the back of seasonal demand and also the company’s profit this fiscal. Hope to come too.”

The brokerage said, “The ‘National Logistics Policy’ will play an important role in the logistics sector in the times to come as it focuses on reducing delivery times and upgrading technology. This policy will help organized sector companies like Gati Ltd to gain market share. It can help to grow and achieve faster growth from the industry.”

Also read- Adani Ports gets approval for acquisition of another port, will cost ₹ 6,200 crore, know details

Company’s financial performance

In the first quarter of the current financial year, Gati Ltd.’s revenue grew by 44 per cent year-on-year and 14 per cent quarter-on-quarter at Rs 431 crore. At the same time, the operating profit of the company was up 450 percent on a quarterly basis at Rs 18.98 crore.

The company’s operating margin stood at 4.40 per cent in the current quarter, up 5.68 per cent year-on-year and 3.48 per cent higher on a quarterly basis. The company’s profit in the June quarter stood at Rs 6.59 crore.

about the company

Gati Limited is one of the leading Express Distribution and Supply Chain Management companies in the country. The company was established in 1989 with expertise in Surface and Air Express. The company mainly operates in three segments i.e. Surface Express, Air Express and Supply Chain Management. The company has strong coverage with access to over 19,800 pin codes and 735 districts out of 739 in the country.

Disclaimer: The advice or views given on moneycontrol.com are the personal views of the expert/brokerage firm. Website or Management is not responsible for this. Moneycontrol advises users to always consult a certified expert before taking any investment decision.

Source link

About admin

Check Also

Gold vs Silver: Buy Gold or Silver this Dhanteras? What will be the profit deal – Gold vs silver What should you buy this Diwali Dhanteras 2022 tuta

In our country, it is considered auspicious to buy gold and silver on the occasion …

Leave a Reply

Your email address will not be published. Required fields are marked *