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Logistics shares rally; Gati, Patel Integrated soar 20%

Snowman Logistics rallied 16%, while Transport Corporation of India, ABC India, VRL Logistics, Sical Logistics and Allcargo Logistics were up in the range of 4% to 7% on the BSE

National logistics index: Gujarat, Punjab, Andhra best performing states
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National logistics index

SI Reporter Mumbai
Shares logistics companies have rallied by up to 20% on bourses after the Gati said it exploring the possibility of inducting a new financial/strategic partner.

Gati (Rs 121) and Patel Integrated Logistics (Rs 72) have locked in upper circuit of 20% on the BSE with no sellers were seen on these counters.

Snowman Logistics has rallied 16% to 55 on the BSE, while Transport Corporation of India, ABC India, VRL Logistics, Sical Logistics and Allcargo Logistics were up in the range of 4% to 7% on the BSE. On comparison, the S&P BSE Sensex was up 0.55% at