ICICI Direct Gives a Buy Call for Gati Ltd

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07 Jul, 18 11:46
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Udaipur: BSE/NSE listed, GatiLtd.,with its widespread reach and warehousing capabilities is well positioned to seize these opportunities. Gati provides integrated and seamless transportation and routing of goods through its reach of ~19000 pin codes and warehousing capacity of 3 million square feet msf. Implementation of GST will lead to consolidation of widely spread warehouses. Recently, ICICI Direct has in its Report, given a Buy Call for Gati Ltd Stock and has given a target Price of Rs.120 per share, whereby investors could mop up Excellent Returns. Gati plans major expansion whereby Gati KWE is undertaking significant expansions across eight critical logistics nodes namely Noida, Kolkata, New Delhi, Bangalore, Mumbai, Ahmedabad, Nagpur &Ambala adding up to 8 lac sqft which will result in the two-fold plus increase in the distribution and warehousing capacities at these vital supply chain demand points. Gati KWE has recently purchased 125 new trucks in March and is further looking at fuel efficient electric vehicles on a pilot basis for intra-city service operations in the next quarter. Gati has bagged a new train lease tender by the Indian Railways for the Kolkata – Mumbai - Kolkata rail route starting with a 700+ tonnes capacity in a round trip. • Gati Targets to Expand Customer base from 20,000 to 30,000 in FY19.
Mr. MahendraAgarwal, Founder & CEO said, “Gati, since its first route in 1989 between Chennai and Hyderabad, has today emerged into a logistics powerhouse that businesses across India and outside, rely on for their end to end supply chain solutions.
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