Allcargo Gati Ltd announces key updates for November 2023

Allcargo Gati Limited (Formerly known as "Gati Limited") has announced key business parameters for the month ended November 2023.

Key highlights:

- Total volume, including surface and air express, stood at 99kt, recording an increase of 4% as compared to November 2022. In comparison to October 2023 volumes declined by 12%. Growth was witnessed in the current month despite a high base last year.

- We witnessed the pre festive demand tapering off, however our volumes continue to remain strong on the back of sales acceleration initiatives.

- With all key management hiring in place along with five operational super hubs, we expect momentum to continue.

The above information is as per limited review by the Management.

Shares of GATI Limited was last trading in BSE at Rs. 137.00 as compared to the previous close of Rs. 137.30. The total number of shares traded during the day was 33081 in over 864 trades.

The stock hit an intraday high of Rs. 138.50 and intraday low of 136.80. The net turnover during the day was Rs. 4548091.00.

Source : Equity Bulls

Keywords

AllcargoGATI INE152B01027 KeyBusinessUpdates November2023