India's Gati rises on monthly volume growth

Allcargo Gati

10/07/2023 07:08

** Shares of India's Gati  GATI.NS  up as much as 5.62% at
132.5 rupees, its highest since Feb. 13
    ** Co posts steepest intraday pct gain since June 30
    ** E-commerce logistics co said total volume for June,
including surface and air express, at 102kt, up 14% y-o-y 
    ** Stock on track for fourth consecutive sessions of gains
    ** Co shares trading above 50-day and 100-day simple moving
averages, but below 200-day SMA 
    ** More than 1.2 mln shares changed hands by 11:25 a.m. IST,
1.6x 30-day avg 
    ** YTD stock has fallen 8.9% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))