Gateway Distriparks has surged 4.9 percent to a high of Rs. 385 on media reports that the company is planning to list its rail unit, Gateway Rail Freight.
The stock is now up 3.7 percent at Rs. 381 with trades of around 33,000 shares, as against two-week daily average volume of 32,000 shares.
Meanwhile, the Sensex has shed 66 points at 28,978.