COMPANY NAME- Gateway Distriparks

RECOMMENDATION – SELL
CURRENT PRICE – 131.85
TARGET – 90

COMPANY BASIC INFORMATION

ISIN Id – INE852F01015
BSE Id – 532622
NSE Id – GDL
INDUSTRY – Miscellaneous
Market Cap – 1,363.76
Book Value – 58.81
EPS (TTM) – 7.64
Price/Book – 2.15
Face Value – 10.00
P/E – 16.57
Div(%) – 35.00
Industry P/E – 44.34
P/C – 14.02
Div Yield (%) – 2.76

STOCK PRICE HISTORY (NSE)

All Time High – 301.50
All Time Low – 42.00
52 Week High – 143.95
52 Week Low – 42.00

DAILY CHART-

Recommendation-

The stock has just given a breakout on the downside out of 7 months old rising wedge. As can be seen, very low volumes in the recent months inside the pattern formation, which indicates a gradual supply on every rise. On the monthly and weekly charts also it is facing a resistance around higher levels from downward sloping resistance lines. We expect the stock to rally up to the lower line of wedge before a major fall and hence recommend a Sell around 135 with a stop above 150 for target of 90.