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Allcargo Gati is currently trading at Rs. 115.15, up by 0.85 points or 0.74% from its previous closing of Rs. 114.30 on the BSE.

The scrip opened at Rs. 114.95 and has touched a high and low of Rs. 119.90 and Rs. 112.45 respectively. So far 213709 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 168.10 on 16-Oct-2023 and a 52 week low of Rs. 90.01 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 119.90 and Rs. 103.85 respectively. The current market cap of the company is Rs. 1691.45 crore.

The promoters holding in the company stood at 46.90%, while Institutions and Non-Institutions held 11.58% and 41.52% respectively.

Allcargo Gati has unveiled a 10.2% average General Price Increase (GPI) effective from January 1, 2025, for its Express Distribution services. This is the first price revision since Allcargo Logistics’ strategic acquisition of Gati in 2019, driven by the necessity to align pricing with ongoing operational investments and maintain high standards of service quality. The GPI will help offset the significant increase in costs over the years, taking into consideration inflation, administrative costs related to regulatory and security measures, enabling further investment in infrastructure and technological advancements. New customers who sign up between October 1 and December 31, 2024, will have the GPI excluded.

Allcargo Gati has consistently prioritized innovation and technological advancements in its operations, driving improvements in service accuracy and transparency. Notably, the deployment of handheld printers and the enhancement of Proof of Delivery (POD) quality through Machine Learning technology have significantly increased precision and operational effectiveness. Additionally, the introduction of a centralized Control Tower has established seamless, end-to-end visibility across first, mid, and last-mile logistics. This development enables customers to benefit from real-time tracking and enhanced control over their shipments, ensuring an elevated level of service reliability.

The price increase is a necessary step toward maintaining the highest standards of service while ensuring that the company remains at the forefront of the logistics industry. Allcargo Gati remains committed to its customers, partners, and stakeholders, delivering innovation and efficiency across the logistics value chain.

Allcargo Gati (Formerly known as Gati) is one of India’s premier Express Distribution companies. With a strong presence across Asia, including a nationwide network, Allcargo Gati’s unparalleled reach creates the unique advantage of covering every part of India.