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Use rally to exit logistics stocks, say analysts

Though the GST Council meet has brought them back into the limelight, analysts do not see gains sustaining for long

Puneet Wadhwa  |  New Delhi 

Even as the GST Council meets to deliberate on the key rates, shares of companies engaged in the logistics business gained ground on Wednesday with most counters including Gati, Snowman Logostics, Tiger Logistcics, Patel Integrated, VRL Logistics, Allcargo Logistics and Gateway Distriparks rallying 1% - 4.5% in intra-day deals. By comparison, the benchmark indices, the S&P BSE Sensex and the Nifty50, were trading around 0.3% lower respectively. Also Read: Supply logistics of all companies will change after GST: V Kalyana Rama Most of these stocks had rallied sharply since March ...

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Use rally to exit logistics stocks, say analysts

Though the GST Council meet has brought them back into the limelight, analysts do not see gains sustaining for long

Though the GST Council meet has brought them back into the limelight, analysts do not see gains sustaining for long Even as the GST Council meets to deliberate on the key rates, shares of companies engaged in the logistics business gained ground on Wednesday with most counters including Gati, Snowman Logostics, Tiger Logistcics, Patel Integrated, VRL Logistics, Allcargo Logistics and Gateway Distriparks rallying 1% - 4.5% in intra-day deals. By comparison, the benchmark indices, the S&P BSE Sensex and the Nifty50, were trading around 0.3% lower respectively. Also Read: Supply logistics of all companies will change after GST: V Kalyana Rama Most of these stocks had rallied sharply since March ... image
Business Standard
177 22

Use rally to exit logistics stocks, say analysts

Though the GST Council meet has brought them back into the limelight, analysts do not see gains sustaining for long

Even as the GST Council meets to deliberate on the key rates, shares of companies engaged in the logistics business gained ground on Wednesday with most counters including Gati, Snowman Logostics, Tiger Logistcics, Patel Integrated, VRL Logistics, Allcargo Logistics and Gateway Distriparks rallying 1% - 4.5% in intra-day deals. By comparison, the benchmark indices, the S&P BSE Sensex and the Nifty50, were trading around 0.3% lower respectively. Also Read: Supply logistics of all companies will change after GST: V Kalyana Rama Most of these stocks had rallied sharply since March ...

image
Business Standard
177 22