Gati declines after recent rally

Gati fell 1.79% to Rs 131.80 at 12:20 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 315.20 points, or 1.02% at 31,236.81. The S&P BSE Small-Cap index was up 160.15 points, or 1.04% at 15,570.67.

On the BSE, 92,000 shares were traded on the counter so far as against the average daily volumes of 1.41 lakh shares in the past one quarter. The stock had hit a high of Rs 136 and a low of Rs 130 so far during the day. The stock had hit a 52-week high of Rs 189.45 on 2 August 2016 and a 52-week low of Rs 107.10 on 9 November 2016.

The stock had outperformed the market over the past one month till 30 June 2017, advancing 9.02% compared with the Sensex's 0.76% fall. The scrip had also outperformed the market over the past one quarter advancing 18.6% as against the Sensex's 4.3% rise. The scrip had, however, underperformed the market over the past one year declining 21.98% as against the Sensex's 14.53% rise.

The small-cap company has equity capital of Rs 19.67 crore. Face value per share is Rs 2.

Shares of Gati had rallied 6.51% in the preceding three trading sessions to settle at Rs 134.20 on Friday, 30 June 2017, from its close of Rs 126 on 27 June 2017.

Gati's consolidated net profit fell 40.2% to Rs 9.29 crore on 3.4% decrease in net sales to Rs 410.28 crore in Q4 March 2017 over Q4 March 2016.

Gati is a pioneer and leader in express distribution and supply chain solutions in India.

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