Gati slumped 5.75% to Rs 112.25 at 11:07 IST on BSE after consolidated net profit fell 33% to Rs 7.67 crore on 1.2% decline in net sales to Rs 415.51 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 20 January 2016.Meanwhile, the S&P BSE Sensex was up 16.06 points or 0.07% at 24,078.10.
On BSE, so far 3.71 lakh shares were traded in the counter as against average daily volume of 3.57 lakh shares in the past one quarter. The stock hit a low of Rs 110.55 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 121.65 so far during the day. The stock had hit a 52-week high of Rs 304.90 on 21 January 2015. The stock had underperformed the market over the past one month till 20 January 2016, sliding 32.37% compared with Sensex's 5.71% fall. The scrip had also underperformed the market in past one quarter, declining 21.67% as against Sensex's 11.88% fall.
The small-cap company has equity capital of Rs 17.50 crore. Face value per share is Rs 2.
Gati is into express distribution and provides supply chain solutions.
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