India's Allcargo Gati rises on Bengaluru warehouse launch

Allcargo Logistics

24/11/2023 07:21

** Shares of logistics co Allcargo Gati  GATI.NS  up as much
as 4.56% at 138.85 rupees, in sharpest pct climb in about a
month 
    ** Co said it launched transhipment centre and distribution
warehouse in Bengaluru 
    ** Warehouse has monthly throughput capacity of approx.
40,000 tonnes; will cater to automotive, retail and heavy
engineering industries
    ** More than 985,000 shares changed hands by 12:47 p.m. IST,
 1.4x 30-day avg 
    ** Shares last up 3.5%, paring YTD losses to 4.9%

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