Logistics shares gain; Gati, Snowman up over 5% - Dollar Advisory & Financial Services

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Wednesday, 8 June 2016

Logistics shares gain; Gati, Snowman up over 5%

Shares of logistics organizations have moved higher in twelve arrangement exchange on the bourses on any expectations of freedom of the vital Goods and Services Tax (GST) Bill in the upper place of the Parliament.

Patel Integrated Logistics (up 10% at Rs 111), Gati (7% at Rs 144), Snowman Logistics (7% at Rs 70), VRL Logistics (5% at Rs 298), Sical Logistics (5% at Rs 155) and Allcargo Logistics (5% at Rs 171) were up between 5%-10% on the BSE. At 11:48 AM, the S&P BSE Sensex was up 0.15% at 27,050 focuses.

As per media reports, West Bengal Chief Minister Mamata Banerjee on Tuesday said the state government is supporting the GST for taking off of the one assessment recipe.

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