Logistics stocks gain on Cabinet nod for GST changes
Gati, Patel Integrated, Blue Dart, Snowman Logistics, Transport Corporation and Container Corporation are up 3-8% each.
 "Logistics stocks gain on Cabinet nod for GST changes")
Shares of logistic companies surged by 7% each on the bourses in early morning trades after the Union Cabinet cleared important changes to the government's constitutional amendment Bill on the proposed national goods and services tax (GST). CLICK HERE TO READ FULL REPORT
Among individual stocks, Gati surged 8% to Rs 204 on the BSE on the back of heavy volumes. Till 09:24 AM, a combined 1.17 million shares already changed hands against an average sub 1.5 million shares that were traded daily in the past two weeks.
Patel Integrated Logistics (8% at Rs 108), Blue Dart Express (up 7% at Rs 6,977), Snowman Logistics (4% at Rs 112), Transport Corporation of India (3% at Rs 266), Container Corporation of India (3% at Rs 1,665) and Gateway Distriparks were up 3-8% each on the BSE.
Experts said that these stocks rose on hopes of lower taxes.
Among individual stocks, Gati surged 8% to Rs 204 on the BSE on the back of heavy volumes. Till 09:24 AM, a combined 1.17 million shares already changed hands against an average sub 1.5 million shares that were traded daily in the past two weeks.
Patel Integrated Logistics (8% at Rs 108), Blue Dart Express (up 7% at Rs 6,977), Snowman Logistics (4% at Rs 112), Transport Corporation of India (3% at Rs 266), Container Corporation of India (3% at Rs 1,665) and Gateway Distriparks were up 3-8% each on the BSE.
Experts said that these stocks rose on hopes of lower taxes.