OUR RECOMMENDATION
| CMP# | 110.75 |
| Idea | BUY |
| Buy Range | 103 – 110 |
| Target | 123 – 132 |
| StopLoss* | 97 |
| Duration | 50-60 Trading Sessions |
| Potential Return^ | 19-20% |
| CMP# | Idea | Buy Range | Target | StopLoss* | Duration | Potential Return^ |
| 110.75 | BUY | 103 – 110 | 123 – 132 | 97 | 50 – 60 Trading Sessions | 19 – 20% |
# CMP on Feb 22, 2019
* Maintain recommended StopLoss by daily closing basis.
Once 1st target hit, reset StopLoss at 117.
^ The returns are calculated based on CMP#
COMPANY OVERVIEW
Incorporated in 1994, Gateway Distriparks is an Integrated Logistic Solution and temporary storage/warehouse facility for international trading and shipping corporations engage in various services like cargo stuffing, customs handling, container repairing, first and last-mile connectivity through its fleet of trailers and services across automobiles, gas, oil, chemicals and textiles sectors. In Q3FY19 the company’s net income was improved by 6% YOY to Rs.103 crore, and Net Profit dropped by 17.5% YOY to Rs.16.23 crore.
| Stock Data | |
| NSE Code | GDL |
| Sector | Nifty Infra |
| 52W High | 227.95 |
| 52W Low | 96.15 |
| Face Value | 10 |
TECHNICAL OBSERVATIONS (WEEKLY)
- The stock has completed its downfall since 2015 all-time High, and we believe that recent Weekly Low around 98 would continue to hold as strong support levels.
- Weekly closing above Medium Term resistance showing bullish confidence.
TECHNICAL OBSERVATIONS (DAILY)
- On the last trading session, the stock manages to open above 10 & 20 days moving average and closing further upside.
- MACD Divergence showing further bullishness.
