GATI has been the top gainer on the BSE since morning. It surged 18% to Rs.118.65 and currently hovers around 117 levels.
The market is very happy with the news that it has scheduled a Board meeting for 26th April to explore the possibility of inducting a new Financial/Strategic Partner to augment the future growth of the company.
Following this, the Trading Window for dealing in the securities of the Company will remain closed from the start of business hours of Tuesday, April 24, 2018 and the trading window will be open after 48 hours of the conclusion of the meeting.
GATI has currently undertaken a major expansion driven by growing demand for logistics services through the booming e-commerce industry and also due to opening up of opportunities post the implementation of the GST.
The company is looking to double its warehousing and distribution capacities to 8 lakh sft across eight cities, it is also increasing its reach to ensure same day delivery in a 100 km radius in the major locales.
Thus this plan to induct a strategic partner is in line with its future growth plans.