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Friday, Oct 13, 2006

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Gateway Distriparks: On growth plans

The Gateway Distriparks stock, which closed at Rs 170.66 on the NSE after touching the day's low at Rs 166, clocked handsome volumes on Thursday, with over 11 lakh shares being traded. The company, which positions itself as a logistics facilitator for port related activities, is said to be scaling up network. Included in its plans is a greenfield project in Kochi.

At current price, the stock is trading at about 20 times its annualised earnings of Rs 8.48 or so.

Nilanjan Dey

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