Date:21/11/2006 URL: http://www.thehindubusinessline.com/2006/11/21/stories/2006112101971400.htm

Back Gateway Distri: Traffic hopes

Analysts are keeping an eye on the Gateway Distriparks stock based purely on the projection that container traffic is set to play a bigger role in the days ahead. The company, essentially a logistics player, is expected to gain from greater private sector participation in ports and movement of containers by rail in the backdrop of an increase in India's foreign trade.

At current prices, the stock is trading at P/E of about 16.8x fiscal 2007 estimated and 11.6x fiscal 2008 estimated earnings. On Monday, it closed at Rs 163.10 on the NSE after touching a low of Rs 157. This is a 1.8 per cent decline over the previous close. Over 4 lakh shares made up the total traded quantity.

Nilanjan Dey