BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Given the encouraging performance of rail freight and container freight stations (CFS) businesses in Q2 FY21, Gateway Distripark Ltd.'s management has upped its volume guidance for FY21 from 70% of FY20 volumes to 90%.
Rail and CFS businesses continue to chart better margin trajectory than expected.
The company has been able to display meaningful deleveraging over H1 CY20, helped by rights issuance; capital structure no longer poses a concern in our view.
Also, CY20 brings in meaningful opportunity for Snowman Logistics given the evolving scope for Covid-19 vaccine distribution in India.
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