Gati fell 2.35% to Rs 116.25 at 11:21 IST on BSE, with the stock declining on profit booking after recent upmove.
Meanwhile, the BSE Sensex was down 155.86 points, or 0.63%, to 24,400.23
On BSE, so far 4.39 lakh shares were traded in the counter, compared with an average volume of 9.33 lakh shares in the past one quarter.
The stock hit a high of Rs 120 and a low of Rs 113.80 so far during the day. The stock hit a 52-week high of Rs 122.90 on Wednesday, 28 May 2014. The stock hit a 52-week low of Rs 22.65 on 2 August 2013.
The stock had outperformed the market over the past one month till 28 May 2014, rising 39.24% compared with 8.50% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 106.68% as against Sensex's 16.27% rise.
The small-cap company has an equity capital of Rs 17.45 crore. Face value per share is Rs 2.
Shares of Gati had gained 22.41% in two trading days to Rs 119.05 on 28 May 2014 from recent low of Rs 97.25 on 26 May 2014. The stock had surged 11.42% to Rs 119.05 on Thursday, 28 May 2014 after Macquarie Bank purchased 11.74 lakh shares of Gati at an average price of Rs 114.68 per share in a block deal on Thursday, 28 May 2014, NSE data showed.
Gati's consolidated net profit surged 114.1% to Rs 12.14 crore on 22.7% increase in net sales to Rs 381.90 crore in Q3 March 2014 over Q3 March 2013.
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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