Logistic shares rally; Blue Dart Express, Gati surge over 10%

Shares of transportation and ,logistics companies rallied up 12 per cent on the BSE on Tuesday on expectations of improved earnings as global freight rates are taking off.

Among individual stocks, Blue Dart Express and Gati rallied 11 per cent and 12 per cent, respectively. Snowman Logistics, VRL Logistics, Mahindra Logistics and TCI Express were up in the range of 3 per cent to 7 per cent on the BSE. In comparison, the S&P BSE Sensex was up 0.5 per cent at 38,168 points at 02:34 pm.

Shares of Blue Dart Express hit a 52-week high of Rs