Gati drops on profit booking

Gati lost 5.7% to Rs 312 at 14:14 IST on BSE on profit booking after surging 65.75% in seven trading days.

Meanwhile, the S&P BSE Sensex was down 134.06 points or 0.48% at 28,029.23

On BSE, so far 8.73 lakh shares were traded in the counter as against average daily volume of 3.94 lakh shares in the past one quarter.

The stock hit a high of Rs 338.05 and a low of Rs 308 so far during the day. The stock had hit a record high of Rs 341.60 on Tuesday, 18 November 2014. The stock had hit a 52-week low of Rs 26.60 on 12 December 2013.

The stock had outperformed the market over the past one month till 18 November 2014, surging 88.46% compared with the Sensex's 7.87% rise. The scrip had also outperformed the market in past one quarter, gaining 136.41% as against Sensex's 6.72% rise.

The small-cap company has equity capital of Rs 17.45 crore. Face value per share is Rs 2.

Shares of Gati were on a roll recently, surging 65.75% in seven trading days to Rs 330.85 on 18 November 2014 from a recent low of Rs 199.60 on 7 November 2014.

On a consolidated basis, Gati reported 50.65% surge in net profit to Rs 6.93 crore on 13.07% growth in total income to Rs 414.91 crore in the quarter ended September 2014 over the quarter ended September 2013.

Gati, a pioneer and leader in Express Distribution and Supply Chain Solutions in India, delivers over 6 million packages per month. Having started as a cargo management company in 1989, Gati has grown into an organization with more than 4,000 business partners and a network reach of 667 out of total 671 districts in India. Gati has over 4500 vehicles on the road excluding their fleet of refrigerated vehicles, container shipping vessels and world class warehousing facilities across India. Furthermore, Gati has a market presence in the Asia Pacific region and SAARC countries. Gati has offices in India, Singapore, Hong Kong, China, Nepal and Thailand.

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