GATI is currently trading at Rs. 278.50, up by 3.70 points or 1.35% from its previous closing of Rs. 274.80 on the BSE.
The scrip opened at Rs. 278.70 and has touched a high and low of Rs. 280.00 and Rs. 270.20 respectively. So far 195084 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 341.60 on 18-Nov-2014 and a 52 week low of Rs. 56.10 on 14-Feb-2014.
Last one week high and low of the scrip stood at Rs. 304.90 and Rs. 272.20 respectively. The current market cap of the company is Rs. 2398.02 crore.
The promoters holding in the company stood at 38.12% while Institutions and Non-Institutions held 8.31% and 53.56% respectively.
Gati has received an approval for raising funds not exceeding Rs 120 crore by way of issue of securities to Indian or Foreign Investors / QIBs / FIIs / Venture Capital Funds or any other category of Investors in accordance with SEBI guidelines and subject to necessary approvals from statutory authorities and shareholders as may be required. The board of directors at their meeting held on January 24, 2015 has approved for the same.
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.
