Gati shares surge 3.5 per cent ahead of board meet to consider special dividend

Shares of Gati, the home-grown supply chain solutions provider, gained 3.5 per cent on Friday ahead of the company's board to meet later in the day to consider a special interim dividend.

An E-Connect analyst said the company's logistics business will help improve topline because of diversification into e-commerce.

Manwhile, Citigroup said, Gati's e-commerce logistics vertical has grown at a 140 per cent CAGR over the last 2 years.

The Gati scrip was trading at Rs 277.80 a piece, up 5.35 points (or 1.96 per cent) at 12:25 pm on the Bombay Stock Exchange (BSE).

(Reuters)