Gati rose 2.51% to Rs 122.50 at 11:00 IST on BSE after consolidated net profit jumped 179.17% to Rs 20.77 crore on 1.55% rise in total income to Rs 434.34 crore in Q2 September 2017 over Q2 September 2016.
The result was announced after market hours yesterday, 16 November 2017.Meanwhile, the S&P BSE Sensex was up 378.95 points, or 1.14% to 33,485.77. The S&P BSE Small-Cap index was up 218.29 points, or 1.25% to 17,681.15, outperforming the Sensex.
On the BSE, 65,571 shares were traded in the counter so far, compared with average daily volumes of 1.22 lakh shares in the past one quarter. The stock had hit a high of Rs 123.35 and a low of Rs 120.40 so far during the day. The stock had hit a 52-week high of Rs 146.35 on 30 March 2017. The stock had 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 16 November 2017, gaining 3.82% compared with the Sensex's 1.45% rise. The stock had also outperformed the market over the past one quarter, gaining 5.85% as against the Sensex's 4.2% rise. The scrip had, however, underperformed the market over the past one year, dropping 1.89% as against the Sensex's 25.89% rise.
The small-cap company has equity capital of Rs 21.65 crore. Face value per share is Rs 2.
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.
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