A transaction could take place over the next 60 days, with Snapdeal expecting Vulcan Express to fetch Rs 90-120 crore, a leading daily reported.
Meanwhile, Gati soared 2.04% at Rs 130.35 per share on BSE. The stock attracted a total traded quantity of 0.82 lakh.
As per market observers, the company has good consistent profit growth of 20.82% over 5 years. The company has also been maintaining a healthy dividend payout of 36.59%.
Gati Limited is engaged in the express distribution and supply chain solutions. The company's segments include express distribution and supply chain, which covers integrated cargo services, such as road, rail and air transportation.
Gati Ltd is currently trading at Rs 130.05, up by Rs 2.3 or 1.8% from its previous closing of Rs 127.75 on the BSE.
The scrip opened at Rs 130 and has touched a high and low of Rs 131.5 and Rs 129.5 respectively. So far 148755(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1256.68 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 189.45 on 02-Aug-2016 and a 52 week low of Rs 107.1 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 136 and Rs 127.45 respectively.
The promoters holding in the company stood at 37.12 % while Institutions and Non-Institutions held 13.49 % and 49.38 % respectively.
The stock is currently trading above its 100 DMA.
Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.
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