Gati soars on planning to raise funds through preferential allotment

GATI is currently trading at Rs. 63.60, up by 1.50 points or 2.42% from its previous closing of Rs. 62.10 on the BSE.

The scrip opened at Rs. 64.35 and has touched a high and low of Rs. 64.50 and Rs. 63.40 respectively. So far 11158 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.85 on 22-Mar-2019 and a 52 week low of Rs. 35.50 on 23-Aug-2019.

Last one week high and low of the scrip stood at Rs. 64.50 and Rs. 60.65 respectively. The current market cap of the company is Rs. 691.86 crore.

The promoters holding in the company stood at 17.78%, while Institutions and Non-Institutions held 6.86% and 75.36% respectively.

Gati is planning to raise fund by way of preferential issue. The Board of Directors of the Company at its meeting to be held on December 05, 2019 to consider the same.

Gati is a pioneer in express distribution and supply chain solutions in India.

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