Buy Gati, target price Rs 213: Axis Securities

Axis Securities has buy call on Gati with a target price of Rs 213. The current market price of Gati is Rs 197.6.
Time period given by analyst is 4 weeks 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 2447.08 Crore) operating in Logistics sector.


Gati Ltd. key Products/Revenue Segments include Diesel, Petrol & Lubricants, Freight & Demurrage and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 401.31 Crore, up 37.74 % from last quarter Total Income of Rs 291.36 Crore and up 16.22 % from last year same quarter Total Income of Rs 345.29 Crore. Company reported net profit after tax of Rs 45.49 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.93 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.25 per cent, DIIs 1.68 per cent.