Gateway Distriparks gains on bargain hunting

Gateway Distriparks rose 1.58% to Rs 225.50 at 11:34 IST on BSE on bargain hunting after falling 5.33% in the preceding three trading sessions to settle at Rs 222 yesterday, 21 December 2016, from its close of Rs 234.50 on 16 December 2016.

Meanwhile, the S&P BSE Sensex was down 226.83 points, or 0.86%, to 26,015.55.

On the BSE, 3,018 shares were traded on the counter so far as against the average daily volumes of 17,443 shares in the past one quarter. The stock had hit a high of Rs 228.40 and a low of Rs 222.45 so far during the day.

The stock hit a 52-week high of Rs 359.60 on 14 January 2016. The stock hit a 52-week low of Rs 205.60 on 22 February 2016. The stock had underperformed the market over the past 30 days till 21 December 2016, sliding 3.06% compared with the 1.08% rise in the Sensex. The scrip also underperformed the market in past one quarter, falling 15.48% as against Sensex's 8.80% decline.

The small-cap company has an equity capital of Rs 108.73 crore. Face value per share is Rs 10.

Gateway Distriparks' net profit fell 39.74% to Rs 10.07 crore on 5.85% decline in total income to Rs 87.12 crore in Q2 September 2016 over Q2 September 2015.

Gateway Distriparks is the only logistics facilitator in India with three verticals which are synergetic and capable of being interlinked - Container Freight Stations (CFS), Inland Container Depots (ICD) with rail movement of containers to major maritime ports, and Cold Chain Storage and Logistics.

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