 "Logistics stocks trade mixed after Rajya Sabha clears GST Bill")
Shares of companies in the logistics sector were trading mixed after the Rajya Sabha on Wednesday passed the Goods and Services Tax (GST) Constitutional Amendment Act.
At 09:58 am, Container Corporation, Snowman Logistics, GATI, Sical Logistics and Arshiya were trading lower by up to 3% after surging nearly 5% on the Bombay Stock Exchange (BSE) in early morning trade.
However, Blue Dart Express, Allcargo Logistics, Gateway Distriparks and Transport Corporation of India were trading higher between 2%-3% on the BSE.
Biswanath Bhattacharya, Partner – Infrastructure, Government and Healthcare practice, KPMG in India said the implementation of GST will lead to the reconfiguration of existing logistics networks over time, and thus the creation or development of new or expanded logistics hubs, the locations for which will be driven by commercial and economic efficiency, rather than regulatory considerations.
With the formation of Greenfield or brownfield logistics hubs, some of the transport linkages may need to be redrawn or their capacity expanded to align to future traffic patterns. For example, what is presently a small hub may be expanded significantly due to location efficiency considerations. This may lead to a need for broader roads leading to the hub, or even new rail connectivity, said Bhattacharya.
At 09:58 am, Container Corporation, Snowman Logistics, GATI, Sical Logistics and Arshiya were trading lower by up to 3% after surging nearly 5% on the Bombay Stock Exchange (BSE) in early morning trade.
However, Blue Dart Express, Allcargo Logistics, Gateway Distriparks and Transport Corporation of India were trading higher between 2%-3% on the BSE.
Biswanath Bhattacharya, Partner – Infrastructure, Government and Healthcare practice, KPMG in India said the implementation of GST will lead to the reconfiguration of existing logistics networks over time, and thus the creation or development of new or expanded logistics hubs, the locations for which will be driven by commercial and economic efficiency, rather than regulatory considerations.
With the formation of Greenfield or brownfield logistics hubs, some of the transport linkages may need to be redrawn or their capacity expanded to align to future traffic patterns. For example, what is presently a small hub may be expanded significantly due to location efficiency considerations. This may lead to a need for broader roads leading to the hub, or even new rail connectivity, said Bhattacharya.
| COMPANY | LATEST | PREV | DAY's | DAY's | CHG | MKT-CAP |
| CLOSE | HIGH | LOW | (%) | (RS CR) | ||
| CONTAINER CORPN. | 1458.80 | 1487.35 | 1515.00 | 1441.60 | -1.92 | 28442.2 |
| BLUE DART EXP. | 5784.85 | 5684.35 | 5800.00 | 5735.75 | 1.77 | 13727.5 |
| ALLCARGO LOGIST. | 199.60 | 195.65 | 208.80 | 195.65 | 2.02 | 5031.9 |
| VRL LOGISTICS | 328.50 | 328.10 | 341.00 | 328.05 | 0.12 | 2997.2 |
| GATEWAY DISTR. | 273.50 | 266.35 | 275.00 | 270.85 | 2.68 | 2973.8 |
| TRANSPORT CORP. | 362.95 | 352.30 | 364.70 | 352.30 | 3.02 | 2780.2 |
| GATI | 177.10 | 177.20 | 182.95 | 174.70 | -0.06 | 1556.7 |
| SNOWMAN LOGISTIC | 83.95 | 85.80 | 88.20 | 82.50 | -2.16 | 1402.7 |
| SICAL LOGISTICS | 149.00 | 150.65 | 153.00 | 148.00 | -1.10 | 828.4 |
| ARSHIYA | 30.35 | 30.85 | 30.60 | 29.65 | -1.62 | 474.1 |
| CHART.LOGISTICS | 23.25 | 23.05 | 26.70 | 23.00 | 0.87 | 230.9 |
| NORTH EASTN.CAR. | 43.90 | 43.95 | 43.90 | 43.90 | -0.11 | 220.4 |
| PATEL INTEGRATED | 118.05 | 117.20 | 121.70 | 116.30 | 0.73 | 187.6 |
| TIGER LOGISTICS | 168.00 | 172.25 | 168.10 | 168.00 | -2.47 | 177.6 |
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%