New owner puts Gati on a fast track on D-Street

December 02 , 2020

Souce:Economictimes

 

The stock price of Gati has gone up by about 75% over the past month after staying range bound since the open offer in March by the new owner Allcargo Logistics. Initiatives by the new management to infuse capital and streamline the business have renewed investor interest in the surface logistics company. The momentum is likely to remain intact given the recent pace of recovery in the country’s economic activities.

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