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Promoter Prem Kishan Gupta ramps up stake in Gateway Distriparks

On February 19, the stock of Gateway Distriparks, a port-based logistics facilitator firm, touched its 52-week-low of Rs.192. This comes at a time when logistics stocks have witnessed renewed interest, post the implementation of GST. According to the Economic Survey 2017-18, the logistics industry is expected to touch $215 billion over the next two years from the current $160 billion, on the back of GST. The weak sentiment around the stock is on the back of a dismal Q3FY18 as profit declined 37% and revenue by 5%, owing to weak performance in its rail and the container freight businesses. The firm’s third segment, Snowman Logistics, a cold chain and integrated temperature-controlled logistics service provider, is a separ

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