Air cargo biz foray boosts Gati

DALAL STREET SPIKES

Gati hit the 20 per cent upper circuit at Rs 132.30 on reports that it has forayed into the air cargo segment with a fleet of five Boeing 737 aircraft leased from Air India.

As a logistics player, Gati offers distribution and supply chain management solutions. Gati's net profit rose 16.40 per cent to Rs 6.54 crore on a 12.10 per cent decline in net sales to Rs 117.07 crore in Q2 September 2007 over Q2 September 2006.