Gati declines after weak Q4 numbers
Gati fell 4.93% to Rs 126.35 at 10:11 IST on BSE after 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.
The result was announced after market hours yesterday, 22 May 2017.
Meanwhile, the S&P BSE Sensex was down 135.34 points, or 0.44% at 30,435.65. The S&P BSE Small-cap index was down 434.88 points, 2.89%, at 14,619.26.
On the BSE, 83,000 shares were traded on the counter so far as against the average daily volumes of 2.32 lakh shares in the past one quarter. The stock had hit a high of Rs 132.95 and a low of Rs 124.25 so far during the day.
The stock had hit a 52-week high of Rs 189.45 on 2 August 2016 and hit a 52-week low of Rs 107.10 on 9 November 2016. The stock had underperformed the market over the past one month till 22 May 2017, declining 2.96% compared with the Sensex's 4.11% rise. The scrip had, however, outperformed the market over the past one quarter advancing 7.7% as against the Sensex's 5.91% rise.
The small-cap company has equity capital of Rs 17.64 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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First Published: May 23 2017 | 10:16 AM IST