Logistics shares rally; Gati, Patel Integrated soar 20%

Snowman Logistics rallied 16%, while Transport Corporation of India, ABC India, VRL Logistics, Sical Logistics and Allcargo Logistics were up in the range of 4% to 7% on the BSE

Shares logistics companies have rallied by up to 20% on bourses after the Gati said it exploring the possibility of inducting a new financial/strategic partner.

Gati (Rs 121) and Patel Integrated Logistics (Rs 72) have locked in upper circuit of 20% on the BSE with no sellers were seen on these counters.

Snowman Logistics has rallied 16% to 55 on the BSE, while Transport Corporation of India, ABC India, VRL Logistics, Sical Logistics and Allcargo Logistics were up in the range of 4% to 7% on the BSE. On comparison, the S&P BSE Sensex was up 0.55% at 34,639 points at 03:04 pm.

Gati on Monday after market hours in a regulatory filing said that the board of directors of the company will meet on Thursday, April 26, 2018 to review, consider and pass the enabling resolution for exploring the possibility of inducting a new financial/strategic partner to augment the future growth of the company.

COMPANY	LATEST	PREV CLOSE	GAIN(%)
PATEL INTEGRATED	72.00	60.00	20.00
GATI	120.70	100.60	19.98
SNOWMAN LOGISTIC	55.45	47.65	16.37
TRANSPORT CORP.	291.95	272.90	6.98
NORTH EASTN.CAR.	18.90	17.85	5.88
ABC INDIA	107.35	102.25	4.99
VRL LOGISTICS	433.00	413.70	4.67
SICAL LOGISTICS	215.50	206.00	4.61
INTER STATE OIL	20.25	19.40	4.38
ARSHIYA	78.20	75.05	4.20
CHART.LOGISTICS	18.10	17.40	4.02
ALLCARGO LOGIST.	157.00	151.25	3.80