scorecardresearchICICI Securities maintains a 'buy' on Gati with a potential upside of over 110%

ICICI Securities maintains a 'buy' on Gati with a potential upside of over 110%

Updated: 23 Jun 2022, 12:08 PM IST
TL;DR.
Gati has a strong presence in Asia and coverage that spans the whole of India (across more than 19,800 PIN Codes in 735 of India’s 739 districts). The stock gave a 3-year return of 106.2% as compared to the Nifty Smallcap 100 which gave a return of 34.32%.
Gati reported a 7.3% decline in net sales at  <span class='webrupee'>₹</span>376.73 crore in the quarter ending March 2022, down from  <span class='webrupee'>₹</span>406.64 crore in March 2021.

Gati reported a 7.3% decline in net sales at 376.73 crore in the quarter ending March 2022, down from 406.64 crore in March 2021.