News for Gati Limited (GATI.BO)

Stock market update: Trent, Sun Pharma, ICICI Bank, Bharti Airtel, and BPCL lead gainers; IndusInd, Infosys, Bajaj Finserv, M&M, and Wipro decline.

When markets resume trading today, Vedanta, RVNL, Max Healthcare Institute, Allcargo Gati and Affordable Robotic and Automation Limited (ARAPL) will be in focus due to various related developments.

The shares of Ircon International dropped by 8.8% due to a significant 65% fall in net profit for Q3 2024. Revenue also declined by 11% YoY, with the total order book standing at Rs 21,939 crore. An interim dividend of Rs 1.65 per share has been approved.

Stock market: Apurva Sheth of SAMCO Securities said the modest increase in capex outlay from Rs 11.11 lakh crore in the last fiscal to Rs 11.2 lakh crore this time is much lower than expectations.

Stocks including Adani Green, Vedanta, IRFC, Adani Energy, Welspun Corp, Premier Energies, Innova Captab, J&K Bank and more will be in the spotlight on Wednesday, January 15.

Dalal Street minnows stole the show in 2024, giving handsome returns to investors, helped by a largely optimistic trend in the stock market and impressive retail investors' participation. Analysts attributed the positive trend in the equity markets, where the benchmark indices shattered many records this year, to robust domestic liquidity, strong fundamentals of the Indian economy, and policy continuity.

Stocks including Whirlpool of India, Dr Reddy's Labs, TVS Motor, Bharat Forge, HG Infra, Ramky Infra, Allcargo Gati and more will be in the spotlight on Tuesday, December 24.

The recent surge in sectoral funds focused on transportation and logistics (T&L), driven by a post-Covid recovery in auto sales, has led to the launch of several new funds, including Kotak T&L. The sector’s long-term growth drivers include better road infrastructure, electric vehicles, and government initiatives like GATI Shakti and Bharatmala. However, given the cyclical nature of the auto sector, investors must be cautious of potential downturns, as the T&L index and auto stocks have already shown signs of weakness in 2024.

Buzzing Stocks Today, Stocks that will see action today: 26 November 2024 - GE Vernova, HUL, HDFC Life, New India Assurance, PowerGrid, Allcargo Gati, Wipro, BHEL, Vedanta, and Ashoka Buildcon

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NALLA.NS - Allcargo Gati LtdQ2 2025 Allcargo Gati Ltd Earnings CallNov 08, 2024 / 10:30AM GMT =

Deepak Builders is selling its shares in the price band of Rs 192-203 apiece. Investors can apply for a minimum of 73 shares and its multiples thereafter.

Stocks including RIL, Bajaj Auto, LTTS, Ultratech, RVNL, GMR Airports, Bikaji Foods, Tata Elsxi, Ircon, Welspun Corp, Oberoi Realty and more will be the spotlight on Wednesday, October 17.

DHL Express has announced a 6.9% price increase in India, effective January 1, 2025. This adjustment aims to support the company's commitment to providing stable and reliable services amidst ongoing geopolitical and supply chain challenges.

Allcargo Gati has announced a 10.2% general price increase for its express distribution services starting January 1, 2025. This is the first price revision since Allcargo's acquisition of Gati in 2019. The increase aims to align pricing with operational investments and maintain service quality amid rising fuel costs and inflationary pressures.

The company said that the GPI will help offset the significant increase in its costs over the years, taking into consideration inflation, administrative costs related to regulatory and security measures, which will enable further investment in infrastructure and technological advancements.

The IPO of Western Carriers (India) will be sold between September 13-18 as shares will be offered in the range of Rs 163-172 apiece with a lot size of 87 shares and its multiples thereafter.

It is now to be seen if the upcoming IPO of Ecom Express could be pivotal in shaping the future of B2C ecommerce logistics

With a fall of 85%, Sanmit Infra emerged as the top loser on the list; the scrip fell to Rs 14.08 on August 29 from its 52-week high of Rs 90.92

In the Nifty pack, 21 stocks closed in the green, while 29 stocks ended in the red.