Gati Share Price falls Despite 3 Fold Jump in Profit

February 08, 2017 - 01:13:57 PM

GATIGati is currently trading at Rs. 123.25, down by 2.05 points or 1.83 per cent from its previous closing of Rs. 125.50 on the NSE. The scrip opened at Rs. 123 and has touched a high and low of Rs. 124.60 and Rs. 122.50 respectively. So far 2,82,349 shares are traded on the counter with a traded value of Rs. 347.88.

The stock has a face value Rs. 2 has touched a 52 week high of Rs. 189.35 on 2nd Aug 16 and a 52 week low of Rs. 94.50 on 12th Feb ’16. Last one week high and low of Gati share price stood at Rs. 129.65 and Rs. 120.55 respectively. The current market cap of the company is Rs. 1,084.06 crore.The promoters holding in the company stood at 38.87 per cent, while Institutions and Non-Institutions held 13.34 per cent and 47.79 per cent respectively.

The company has reported over threefold jump in its net profit at Rs 2.76 crore for third quarter ended December 31, 2016 as compared to Rs 0.82 crore for the same quarter in the previous year. Total income of the company increased by 9.61 per cent at Rs 134.54 crore for the quarter under review as compared Rs 122.74 crore for the same quarter previous year.

On the consolidated basis, the company has registered 35.07 per cent fall in its net after tax & minority interest at Rs 4.98 crore for the quarter ended December 31, 2016, as against Rs 7.67 crore for the same quarter in the previous year. On the other hand, total income of the company increased by 1.80 per cent at Rs 428.05 crore for the quarter under review as compared Rs 420.47 crore for the corresponding quarter previous year. Gati is one of the top 500 performing stocks for this quarter as identified by Dynamic Levels.

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.
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