Logistics stocks in focus:VRL Logistics up 5% on ICRA credit rating upgrade

Logistics stocks were in focus in early morning trade on the BSE on Wednesday on the back of heavy volumes amid expectations of earnings improvement.

Snowman Logistics, VRL Logistics, Gati, Aegis Logistics, Navkar Corporation, Sical Logistics and Allcargo Logistics were up in the range of 3 to 10 per cent on the BSE in intra-day trade. In comparison, the S&P BSE Sensex was down 0.17 per cent at 39,680 points at 09:43 am.

VRL Logistics was up 5 per cent to Rs 315 after the company said that rating agency ICRA has upgraded the long-term rating of the Company