Gati moves higher after robust Q4 numbers

Gati was up 2.03% to Rs 120.90 at 14:03 IST on BSE after consolidated net profit rose 37% to Rs 15.54 crore on 2.6% growth in net sales to Rs 424.52 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 27 April 2016.

Meanwhile, the S&P BSE Sensex was down 275.23 points or 1.06% at 25,788.89.

On BSE, so far 2.46 lakh shares were traded in the counter as against average daily volume of 3.33 lakh shares in the past one quarter. The stock hit a high of Rs 122.90 and a low of Rs 120.20 so far during the day. The stock had hit a 52-week high of Rs 229.40 on 6 May 2015. The stock had hit a 52-week low of Rs 94.60 on 12 February 2016. The stock had outperformed the market over the past one month till 27 April 2016, gaining 8.97% compared with Sensex's 2.87% rise. The scrip had, however, underperformed the market in past one quarter, advancing 5.85% as against Sensex's 6.42% rise.

The small-cap company has equity capital of Rs 17.54 crore. Face value per share is Rs 2.

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

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