Meanwhile, the BSE Sensex was up 154.74 points, or 0.73%, to 21,295.22

On BSE, so far 2.99 lakh shares were traded in the counter, compared with an average volume of 2.83 lakh shares in the past one quarter.

The stock hit a high of Rs 47.85 and a low of Rs 45.50 so far during the day. The stock had hit a 52-week high of Rs 49.40 on Wednesday, 1 January 2014. The stock hit a 52-week low of Rs 22.65 on 2 August 2013.

The stock had outperformed the market over the past one month till 1 January 2014, rising 64.52% compared with the Sensex's 1.68% rise. The scrip had also outperformed the market in past one quarter, surging 99.58% as against Sensex's 8.32% rise.

The small-cap the logistics provider has an equity capital of Rs 17.32 crore. Face value per share is Rs 2.

Shares of Gati were on a roll recently, advancing 39.94% in four trading days to Rs 47.30 on 1 January 2014 from a recent low of Rs 33.80 on 26 December 2013. The gains caught momentum after a fund run by independent investor Radhakishan Damani bought 40.18 lakh shares or 4.64% stake in the company on Monday, 30 December 2013, through bulk deals on BSE and NSE. Shares of Gati hit an upper circuit limit of 20% at Rs 43.95 on Monday, 30 December 2013.

Derive Investments, an investment company run by Radhakishan Damani who is known in India for his stock picks, bought 7.38 lakh equity shares in a single block deal on BSE at Rs 42.23 per share.

Derive Investments struck two bulk deals on NSE. In the first deal, it acquired 6.50 lakh shares at Rs 44 each. It bought 26.29 lakh shares at Rs 41.76 each in the second deal.

On a consolidated basis, Gati reported a net profit of Rs 4.60 crore in Q1 September 2013 compared with a net loss of Rs 7.79 crore in Q1 September 2012. Net sales rose 20.9% to Rs 360.18 crore in Q1 September 2013 over Q1 September 2012.

Gati is one of the leading logistics companies in India. It offers an integrated Express Distribution and customized Supply Chain Solutions to customers across diverse industry verticals. A market leader in India, Gati has a strong market presence in the Asia Pacific region and SAARC countries. Gati has offices in China, Singapore, Hong Kong, Thailand, Nepal and has plans to foray into other markets.