Gateway Distriparks gains on commencing double stack services between ICD Viramgam, Mundra Port
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Gateway Distriparks is currently trading at Rs. 72.80, up by 0.72 points or 1.00% from its previous closing of Rs. 72.08 on the BSE.
The scrip opened at Rs. 71.16 and has touched a high and low of Rs. 73.42 and Rs. 71.16 respectively. So far 12829 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 76.60 on 10-Nov-2022 and a 52 week low of Rs. 58.50 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 73.84 and Rs. 71.11 respectively. The current market cap of the company is Rs. 3635.41 crore.
The promoters holding in the company stood at 32.32%, while Institutions and Non-Institutions held 53.84% and 13.84% respectively.
Gateway Distriparks has commenced its double stack rail transportation services between its Inland Container Depot (ICD) in Ahmedabad (Viramgam) to Mundra Port for its Export-Import (EXIM) trade customers. This key development will significantly enhance operational efficiency, improve asset productivity for the company's 31 trains and ultimately reduce the overall cost of logistics for the trade, while expediting container evacuation at the port and it’s Inland Container Depots (ICDs). The first double stack train was flagged off by Indian Railways officials from Ahmedabad Division on June 29.
Gateway Distriparks (formerly Gateway Rail Freight) is engaged in providing inter-modal logistics services.
