Buy Gati, target Rs 90: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Gati Ltd. with a target price of Rs 90. The current market price of Gati Ltd. is Rs 84.6. Time period given by the analyst is Intra Day when Gati Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 81. Gati Ltd., incorporated in 1995, is a smallcap company with a market cap of Rs 918.27 crore.

Gati Ltd. key Products/Revenue Segments include Diesel, Petrol & Lubricants which contributed Rs 239.93 Crore to Sales Value (53.78 % of Total Sales), Freight & Demurrage which contributed Rs 202.80 Crore to Sales Value (45.45 % of Total Sales) and Other Operating Revenue which contributed Rs 3.38 Crore to Sales Value (0.75 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 480.56 Crore, up 2.79 % from last quarter Sales of Rs 467.50 Crore and up 7.15 % from last year same quarter Sales of Rs 448.51 Crore Company has reported net profit after tax of Rs 4.21 Crore in latest quarter. The company’s top management includes Dr.P S Reddy, Mr.K L Chugh, Mr.Mahendra Agarwal, Mr.N Srinivasan, Mr.P N Shukla, Mr.Sunil Alagh, Mr.Yasuhiro Kaneda, Ms.Sheela Bhide. Company has Singhi & Co. as its auditoRs As on 31-12-2018, the company has a total of 108,542,137 shares outstanding.