Gati hits a new high

Gati has hit a new 52-week high today at Rs.68.50, with volumes spiking up over one time.

The stock is up after an independent investor, Investments Derive is said to have bought 4.68 lakh shares or 0.54% stake in Gati at Rs 61.22/share in a bulk deal on the NSE yesterday. This fund is owned by Radhakrishan Damani and over the past few days, he has been buying into the company. On 30th Dec, he bought a 4.64% stake after which the stock had hit the upper circuit.