Stocks

Gati shares slump over 5%

Reuters Aug 14 | Updated on August 14, 2018 Published on August 14, 2018

Shares of logistics company Gati Ltd fell as much as 5.1 per cent, its biggest daily percentage loss since June 27. The stock hit its lowest since July 27.

The company’s June-quarter profit fell 71 per cent to Rs 5.08 crore ($728,132). Quarterly expenses rose 5.6 per cent to Rs 452 crore.

Gati stock had fallen 23.6 per cent this year as of last close.

Published on August 14, 2018
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