Sunday, 19 August 2018

GATI LTD Plunges by 5%; BSE 500 Index Up 0.3%

GATI LTD share price has plunged 5% and is presently trading at Rs 98.
Meanwhile, the BSE 500 Index is at 15,543 (up 0.3%).
Among the top losers in the BSE 500 Index today are GATI LTD (down 5.2%) and TECHNO ELECTRIC (down 5.2%).
LAKSHMI VILAS BANK (up 7.0%) and INDIAN OVERSEAS BANK (up 6.0%) are among the top gainers today.
Over the last one year, GATI LTD has moved down from Rs 113 to Rs 98, registering a loss of Rs 15 (down 13.1%)..
The BSE 500 has moved up from 13,671 to 15,543, registering a gain of 1,872 points (up 13.7%) during the last 12 months.
The top gainers among the BSE 500 Index stocks during this same period were HEG LTD (up 794.5%), GRAPHITE INDIA (up 305.8%) and INDIABULLS VENTURES (up 286.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,075 (up 0.3%). The top gainers among the BSE Sensex stocks today are L&T (up 4.5%), TATA MOTORS (up 1.8%) and AXIS BANK (up 1.2%). Other gainers include VEDANTA LTD (up 1.2%) and BAJAJ AUTO (up 1.1%). The most traded stocks in the BSE Sensex are HDFC and SBI.
In the meantime, NSE Nifty is at 11,502 (up 0.3%). L&T (up 4.8%) and TATA MOTORS (up 1.4%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved up from 31,795 to 38,075, registering a gain of 6,280 points (up 19.8%).

GATI LTD Financial Update...

GATI LTD net profit stood at Rs 56 million for the quarter ended June 2018, compared to a profit of Rs 48 million a year ago. Net Sales rose 1.6% to Rs 4.6 billion during the period as against Rs 4.5 billion in April-June 2017.
For the year ended March 2017, GATI LTD reported 24.3% decrease in net profit to Rs 373.0 million compared to net profit of Rs 492.0 million during FY16.
Revenue of the company grew 1.4% to Rs 17 billion during FY17.
The current Price to earnings ratio of GATI LTD, based on rolling 12 month earnings, stands at 32.7x.
This article was originally published in English at www.equitymaster.com
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