Gati Share Price Rises 5% as Logistics Company Reports Strong June Business Data

10 Jul 2023 , 04:04 PM

Gati, a leading logistics company, witnessed a 5% intraday gain in its share price on July 10, following the release of its impressive business data for the month of June.

In June 2023, Gati’s total volume, including surface and air express, reached 102 kt (kilotons), marking a significant 14% increase compared to the same period last year and a 3% increase compared to the previous month.

The volume performance in June builds on the positive momentum seen in May, indicating a continued upward trend in business activity for Gati.

The company attributed the growth to a surge in orders from large customers as preparations for the upcoming festival season gained momentum. Gati expressed optimism regarding the continuation of this positive momentum in the coming months.

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