GATI climbs 4.9%; plans to invest in logistics start-ups

The company is exploring the burgeoning start-ups environment, and is looking at strategic investment in start-ups in the logistics sector.

Gati is currently trading at Rs. 113.8, up by Rs. 5.75 or 5.32% from its previous closing of Rs. 108.05 on the BSE. The company is looking at strategies for growth to align with their vision of delivering 1 million packages everyday by 2020. The company is exploring the burgeoning start-ups environment, and is looking at strategic investment in start-ups in the logistics sector. The organization has already progressed considerably in engaging with start-ups to make a strategic investment shortly.

The scrip opened at Rs. 113 and has touched a high and low of Rs. 118.4 and Rs. 113 respectively. So far 2394273(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 947.85 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 264.1 on 16-Feb-2015 and a 52 week low of Rs. 94.6 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 110 and Rs. 94.6 respectively.

The promoters holding in the company stood at 41.32 % while Institutions and Non-Institutions held 16.46 % and 42.21 % respectively.

The stock is currently trading above its 200 DMA.