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Gateway Distriparks soars with its arm starting ICD operations at Viramgam in Gujarat

31 Jul 2019

Gateway Distriparks is currently trading at Rs. 109.65, up by 1.45 points or 1.34% from its previous closing of Rs. 108.20 on the BSE.

The scrip opened at Rs. 109.00 and has touched a high and low of Rs. 109.65 and Rs. 107.15 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 191.00 on 10-Aug-2018 and a 52 week low of Rs. 96.50 on 29-Jan-2019.

Last one week high and low of the scrip stood at Rs. 116.85 and Rs. 107.00 respectively. The current market cap of the company is Rs. 1187.31 crore.

The promoters holding in the company stood at 30.00%, while Institutions and Non-Institutions held 57.70% and 12.29% respectively.

Gateway Distriparks’ wholly owned subsidiary -- Gateway Rail Freight has started Inland Container Depot (ICD) operations at Viramgam near Ahmedabad Gujarat from July 26, 2019.

Gateway Rail is a leading private ICD and Intermodal Rail operator with ICDs at Gurugram and Faridabad in Haryana and Ludhiana in Punjab. It operates 30 BLC class trains to provide a daily service between these ICDs and the western ports of Nhava Sheva, Mundra and Pipavav.

Gateway Distriparks is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.

Related Gateway Distriparks Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323