Meanwhile, the S&P BSE Sensex was down 51.07 points or 0.22% at 23,503.05.

On BSE, so far 3.50 lakh shares were traded in the counter as against average daily volume of 3.40 lakh shares in the past two weeks. The stock hit a high of Rs 118.40 and a low of Rs 113 so far during the day. The stock had hit a 52-week high of Rs 264.10 on 16 February 2015. The stock had hit a 52-week low of Rs 94.60 on 12 February 2016.

The small-cap company has equity capital of Rs 17.54 crore. Face value per share is Rs 2.

Gati said it is exploring the burgeoning start-ups environment and is looking at strategic investment in start-ups in the logistics sector. The company said it has progressed considerably in engaging with start-ups to make a strategic investment shortly. Gati's Chief Strategy Officer Dhruv Agarwal said that the company is engaging with the start ups that are aligned with its business to make a strategic investment. These alliances and investments will help Gati build capability and capacity, Dhruv said. This is a strategic step towards realising Gati's long term vision of handling 1 million packages a day by 2020, he added.

On consolidated basis, Gati's net profit fell 33% to Rs 7.67 crore on 1.2% decline in net sales to Rs 415.51 crore in Q3 December 2015 over Q3 December 2014.

Gati is a pioneer and leader in express distribution and supply chain solutions in India. It delivers over 2.80 lakh packages everyday.