On Monday this small-cap stock gains more than 12% after the company announced a business update. This stock has given 39% returns in one month and 15% returns in YTD. The stock is trading 13% away from the 52-week high and above the both 50-day and 200-day moving averages.
Gati Ltd
Gati Ltd the company has a market capitalisation of 2,135 Cr making it a small-cap company. On Monday the stock rose over 12%, at 11:30 a.m., shares were trading 10.6% up at Rs. 163 on BSE.
According to the BSE filing, the company’s total volume, including surface and air express, came in at 109kt, recording an increase of 8% as compared to September 2022 and -3% as compared to August 2023.
In addition, the company witnessed strong pre-festive ordering leading to Q2 FY24 volume of 333kt, up 18% YoY. The company expects the momentum to continue in the current month. The company’s Bengaluru transhipment hub is now fully online.
The company’s total revenue declined by 1.9% from Rs. 436.7 Cr in Q1 FY23 to Rs. 428.3 Cr in Q1 FY24 and the company reported a net loss of Rs. 2.75 Cr in Q1 FY24 against a profit of Rs. 6.59 Cr in Q1 FY23.
As per the latest shareholding data, Promoters hold 53.04%, Public hold 43.94%, Fiis hold 1.6% and DIIs hold 1.41% stake in the company.
Gati Ltd is a company that provides distribution and supply chain solutions to customers in India and around the world. It works in three segments: Express Distribution & Supply Chain, Fuel Stations, and Others.
Written by Sheshadri N
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