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Rajesh Abraham

Shares of small-cap courier services company Gati Ltd gained 4.17 per cent on Friday to Rs 84.95 (Rs 81.55) on expectations that the company would benefit immensely from its international foray, dealers said.

The company would also benefit from the increased outsourcing business from global courier majors, they said. As global majors look for acquisitions in India for increasing their presence in the country - (DHL acquired Blue Dart Express recently) - the Secunderabad-based Gati may emerge as a takeover target, dealers opined.

The company, which has presence in 580 out of 590 districts, recently forayed into overseas markets such as Singapore, Hong Kong, Shanghai, Beijing, Sri Lanka and Bhutan.

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