Gati lost 5.76% to Rs 132.55 on BSE, on profit booking after gaining 18.99% in the preceding three trading sessions to settle at Rs 140.65 yesterday, 20 November 2017, from its close of Rs 118.20 on 15 November 2017.
Meanwhile, the S&P BSE Sensex was up 118.45 points, or 0.36% to 33,478.35. The S&P BSE Small-Cap index was up 65.86 points, or 0.37% to 17,769.92.
On the BSE, 15.04 lakh shares were traded in the counter so far, compared with average daily volumes of 1.78 lakh shares in the past one quarter. The stock hit a high of Rs 148.50 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 130.80 so far during the day. The stock hit a 52-week low of Rs 101.60 on 11 August 2017.
The stock had outperformed the market over the past one month till 17 November 2017, rising 22.41% compared with 2.94% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 30.41% as against Sensex's 5.77% rise. The scrip, however, underperformed the market in past one year, rising 19.55% as against Sensex's 27.50% rise.
The small-cap company has equity capital of Rs 21.65 crore. Face value per share is Rs 2.
On a consolidated basis, Gati's net profit jumped 179.17% to Rs 20.77 crore on 4.62% decline in net sales to Rs 405.97 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours on Thursday, 16 November 2017. Shares of Gati jumped 9.83% to settle at Rs 131.25 on Friday, 17 November 2017. The stock surged 7.16% to settle at Rs 140.65 on Monday, 20 November 2017.
Gati provides express distribution and supply chain solutions, with a strong presence in Asia Pacific region and SAARC countries, along with an extensive network across India.
Powered by Capital Market - Live News