Financial Daily from THE HINDU group of publications
Saturday, Mar 23, 2002
Financial Daily from THE HINDU group of publications Saturday, Mar 23, 2002 |
|
|
|
|
|
Markets
-
Stock Markets Gati in the limelight Our Bureau
KOLKATA, March 22 THE stock of Gati, a logistics company, hit the 20 per cent upper circuit filter on the BSE on Friday at Rs 86.85, up from Thursday close of Rs 72.40. It attracted volumes of 1.49 lakh shares on the BSE. Incidentally, today's closing price of the scrip marks its 52-week high. The 52-week low was recorded at Rs 37.75. The scrip has gained by around 62 per cent in the last ten sessions. The scrip began to move up from the level of Rs 53.50, touched on March 12. Brokers dealing in the counter said that the price increase was mainly due to the heightened anticipation of improved sales performance through expansion of services. The company is reported to be planning an extension of its parcel networking through an understanding with the Railways for additional dedicated train services. It has already been offered dedicated trains operating between Kolkata and Mumbai. Three more trains connecting other metros are on the cards. The total income of Gati for the financial year ended on June 2001 stood at Rs 251.68 crore and the net profit at Rs 8.08 crore. It paid a dividend of Rs 4 for 2000-01. The EPS stands at 9.26.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|