Gati surges after strong Q1 earnings

Gati rose 3.8% to Rs 129.65 at 12:04 IST on BSE after consolidated net profit jumped 71.64% to Rs 11.50 crore on 23.39% growth in total income to Rs 397.63 crore in Q1 June 2014 over Q1 June 2013.

The Q1 result was announced after market hours on Wednesday, 6 August 2014.

Meanwhile, the S&P BSE Sensex was down 79.12 points or 0.31% at 25,586.15.

On BSE, so far 2.44 lakh shares were traded in the counter as against average daily volume of 4.33 lakh shares in the past one quarter.

The stock hit a high of Rs 131.10 and a low of Rs 127 so far during the day. The stock had hit a 52-week high of Rs 136.40 on 11 June 2014. The stock had hit a 52-week low of Rs 22.70 on 20 August 2013.

The stock had outperformed the market over the past one month till 6 August 2014, advancing 2.63% compared with the Sensex's 1.14% fall. The scrip had also outperformed the market in past one quarter, jumping 49.22% as against Sensex's 14.03% rise.

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

Gati, a pioneer and leader in express distribution and supply chain solutions in India, delivers 5.2 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 653 out of total 657districts 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 strong 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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