Gati Limited announces business updates for May 2023

Gati Limited has announced the key business parameters for the month ended May 2023.

Key highlights:

- Gati's total volume, including surface and air express, for the month of May 2023 was up 8% as compared to April 2023 and up 1% as compared to May 2022.

- May volumes continued to show an improving trend. Preparations for upcoming festive season have started with uptick seen in the last week of May. This should continue over the coming months. Moreover, West zone volumes witnessed a positive trend following the launch of our new superhub at Bhiwandi.

- Volume remained healthy y-o-y despite a strong base. Q1FY23 was a very strong quarter as market dynamics led to certain consolidation that benefitted few players leading to exceptional volumes in the base quarter.

Shares of GATI Limited was last trading in BSE at Rs. 116.75 as compared to the previous close of Rs. 114.85. The total number of shares traded during the day was 49421 in over 912 trades.

The stock hit an intraday high of Rs. 117.90 and intraday low of 115.05. The net turnover during the day was Rs. 5766731.00.

Source : Equity Bulls

Keywords

GATI INE152B01027 KeyBusinessUpdates May2023