Logistics shares gain on infrastructure status; Gati, VRL hit 52-week highs

Gatway Distriparks, Gati, Sical Logistics, VRL Logistics, Transport Corporation of India, Lancer Container Lines, Allcargo Logistics and Mahindra Logistics were up in the range of 2% to 6% on the BSE.

Shares of logistics companies gained ground on Tuesday, rallying as much as 6% on the Bombay Stock Exchange (BSE) after the government awarded infrastructure status to the sector, including those in cold chain and warehousing facilities. 

Gateway Distriparks, Gati, Sical Logistics, VRL Logistics, Transport Corporation of India (TCI), Lancer Container Lines, Allcargo Logistics and Mahindra Logistics were up in the range of 2% to 6% on the BSE. Of these, Gati, VRL Logistics, Arshiya and Lancer Container Lines hit their respective 52-week highs on the BSE in intra-day trade. By comparison, the S&P BSE Sensex was up 0.31%.

Analysts have given a