Gati being 'stored' by investors

Gati is seeing some activity today. The stock is up over 2.5% at Rs.128.30, with an intra day high at Rs.130.65. 52-week high stands at Rs.136.40.

The stock is up in anticipation as the company lines up plans to sell a minority stake, to help raise funds to finance its expansion plans. The need for expansion has risen has demand has increased manifold its cold-chain storage from the likes of Dominos, Pizza Hut and the scores of other food companies. In fact, while it plans to sell stake, its subsidiary, Gati Kausar is negotiating with overseas investors for raising Rs.120 crore to build 10 warehouses over the next 3 years. Thus with a lot of ‘announcements’ expected from the company, naturally, the counter is active and in the green.