Gati corrects after rising 34% in three days
Gati tumbled 6.27% to Rs 90.45 on profit booking after a three-day rally.
Shares of Gati corrected after the counter surged 34% in three trading days to settle at Rs 96.5 on 17 November 2020 from its previous closing low of Rs 72.05 on 12 November 2020.The counter is up nearly 180% from its 52-week low of Rs 32.4 reported on 29 April 2020. The stock trades near its 52-week high of Rs 98.45 hit on 17 November 2020.
On a consolidated basis, Gati posted a net loss of Rs 10.81 crore in Q2 September 2020 as against a net loss of Rs 10.55 crore posted in Q2 September 2019. Net sales fell 22% year on year to Rs 342.5 crore in Q2 September 2020.
Gati is an Indian multinational courier delivery services company headquartered in Hyderabad, India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content