Logistics shares in focus; Gati, Transport Corporation up over 5%

Patel Integrated, Snowman Logistics, Allcargo Logistics and VRL Logistics were up 5%-10% as compared to 0.47% rise in the S&P BSE Sensex.

Shares of logistics companies were in focus and trading higher by up to 10% on the BSE on back of heavy volumes. Gati, Patel Integrated Logistics, Snowman Logistics, Transport Corporation of India, Allcargo Logistics and VRL Logistics were up 5%-10% as compared to 0.47% rise in the S&P BSE Sensex.

Union Information and Broadcasting Minister M Venkaiah Naidu spoke with senior Congress party leaders Ghulam Nabi Azad and Anand Sharma on the Goods and Services Tax (GST) Bill issue on Thursday.

According to reports, both Azad and Sharma assured Naidu that they would get back to him on the issue after consultations within their party. LINK

Among the individual stocks, Gati surged 10% to Rs 183 on the BSE in intra-day trade on back of heavy volumes. The trading volumes on the counter jump nearly three-fold with a combined 12.4 million equity shares representing 14% of total equity of the company changed hands on the NSE and BSE till 03:09 PM.