Logistics firms stocks rise as govt pushes for GST Bill

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Stocks of logistics firms rose on  Wednesday after the government said it is considering reconvening Parliament to make another attempt to pass GST Bill aimed at boosting economic growth.

“The tax reform is crucial for the economy and we are making every effort to build consensus,” Parliamentary Affairs Minister Venkaiah Naidu told reporters on Tuesday.

At 1300 hours, stocks of Gati Ltd, Patel Intergrated Logistics, Snowman Logistics and Allcargo Logistics rose 7.25 per cent, 7.80 per cent, 6.47 per cent and 4.49 per cent, respectively.

The Sensex was trading 0.48 per cent or 124 points lower at 25,908 points.

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