Gati trades jubilantly on the buzz of inking MoU with the Govt. of Uttarakhand

09 Jun 2014

GATI is currently trading at Rs. 125.80, up by 7.45 points or 6.29% from its previous closing of Rs. 118.35 on the BSE.

The scrip opened at Rs. 119.30 and has touched a high and low of Rs. 128.50 and Rs. 118.65 respectively. So far 685791 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 128.50 on 09-June-2014 and a 52 week low of Rs. 22.65 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 128.50 and Rs. 115.15 respectively. The current market cap of the company is Rs. 1090.80 crore.

The promoters holding in the company stood at 38.11%, while Institutions and Non-Institutions held 0.90% and 60.99% respectively.

Gati has reportedly signed a Memorandum of Understanding (MoU) with the Govt. of Uttarakhand to construct a Multipurpose Community Centre at Rudraprayag, Uttarakhand.

Post the natural calamity, i.e. flash floods in 2013, Gati has taken the initiative to ensure that during and post such events the residents and people around should be equipped with a community centre where they can take shelter and be safe. The multipurpose community centre will be jointly constructed by Gati Ltd and the Government of Uttarakhand.

Gati is a leading player in express distribution and logistics and operates through two divisions - Express Distribution & Supply Chain (EDSC) and Coast- to-Coast (C2C) division. It also operates two container yards at Chennai and Port Blair which increases capability and provides for efficient handling of the cargo.

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Puchho Befikar
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