On June 19, Gateway Distriparks shares rose 3% after Citi had given a ‘buy’ to the firm’s stock as the valuation looked attractive. The brokerage and research firm has a target price of Rs 90, which suggests an upside of 19% from today’s high.

At 9:25 am, the company’s shares traded 2.7% higher at Rs 75.4 on the BSE. The stock had recorded its 52-week high at Rs 76.60.

Gateway Distriparks will maintain its market share in key markets, and Faridabad Terminal will also begin double stacking in 4-5 months.

The focus will continue on the Western Dedicated Freight Corridor, the global brokerage firm highlighted. Post the corporation’s quarterly results. Management mentioned that it expects more stretches of the Dedicated Freight Corridor to be accomplished, leading to faster transit time and making processes more efficient.

In June, Sharekhan advanced its rating on Gateway Distriparks shares to ‘buy’ with a price target of Rs 80. This was after regulating their estimation of the company’s earnings forecast for FY25, seeing the improved outlook for export-import growth.