This small-cap logistic solution provider shares surge on reporting an Increase in total volume for the month of May!
The share of this company zoom over 5 per cent.
Shares of Gati Ltd opened 8.47 per cent higher after its total volume rose 8 per cent In May 2023 as compared to April 2023 and up 1 per cent as compared to May 2022.
May volumes continued to show an improving trend. Preparations for the upcoming festive season have started with an uptick seen in the last week of May, which should continue over the coming months. Moreover, West zone volumes witnessed a positive trend following the launch of a new superhub at Bhiwandi, as per BSE filing.
Today, the shares of Gati Ltd are trading at Rs 122.90 up by 6.15 points or 5.27 per cent from the previous day’s closing of Rs 116.75. The share opened at Rs 121.05 and touched a high and low of Rs 126.70 and Rs 121.05 respectively.
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Gati Ltd is an Indian logistics company headquartered in Hyderabad, Telangana. It offers surface and air express logistics, warehousing and supply chain, air freight and e-commerce services. Gati has offices in all major states of India.
Gati was founded in 1989 by Shashi Kiran Shetty and Pirojshaw Sarkari. The company started with a single truck and has since grown to become one of the leading logistics companies in India. Gati has a fleet of over 2,000 trucks and operates a network of over 340 branches across India.