Gati surges on reporting 14% growth in total volume in June 2023
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GATI is currently trading at Rs. 130.65, up by 5.20 points or 4.15% from its previous closing of Rs. 125.45 on the BSE.
The scrip opened at Rs. 125.65 and has touched a high and low of Rs. 132.50 and Rs. 123.00 respectively. So far 110669 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 195.25 on 14-Sep-2022 and a 52 week low of Rs. 97.65 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 132.50 and Rs. 121.25 respectively. The current market cap of the company is Rs. 1611.01 crore.
The promoters holding in the company stood at 53.11%, while Institutions and Non-Institutions held 3.63% and 43.27% respectively.
Gati’s total volume, including surface and air express, for the month of June 2023 came in at 102kt, recording an increase of 14% as compared to June 2022 and 3% as compared to May 2023. Volume performance in June continued to build on the momentum visible in May. The company saw pickup in orders from large customers as preparations for upcoming festive season gather pace. The Company expects the momentum to continue in the coming months.
Gati is a pioneer in express distribution and supply chain solutions in India.
