Buy Gati, target price Rs 175: Yes Securities

Yes Securities has buy call on Gati with a target price of Rs 175. The current market price of Gati is Rs 163.05 Time period given by analyst is Intra Day when Gati Ltd. price can reach defined target.

Gati Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 1988.94 Crore) operating in Logistics sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 408.61 Crore, up 1.82 % from last quarter Total Income of Rs 401.29 Crore and up 8.84 % from last year same quarter Total Income of Rs 375.43 Crore. Company reported net profit after tax of Rs -173.40 Crore in latest quarter.


Investment Rationale
After losing 15% from the prior month’s high, the stock found renewed buying interest near its 20 day average. A little more progress from here could shove the rally into an even higher gear.