Gati rose 6.90% to Rs 140.30 at 14:04 IST on BSE, extending previous session's rise triggered by good Q2 September 2017 results.
Meanwhile, the S&P BSE Sensex was down 26.44 points, or 0.08% to 33,316.36.On the BSE, 20.19 lakh shares were traded in the counter so far, compared with average daily volumes of 1.43 lakh shares in the past one quarter. The stock had hit a high of Rs 144.50 and a low of Rs 130.60 so far during the day. The stock hit a 52-week high of Rs 146.35 on 30 March 2017. 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 14.23% compared with 2.94% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.19% as against Sensex's 5.77% rise. The scrip had underperformed the market in past one year, rising 9.83% 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 rose 9.83% to settle at Rs 131.25 on Friday, 17 November 2017. The stock has risen 17.41% in two session from its close of Rs 119.50 on Thursday, 16 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.
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