Logistics stocks jump on GST hopes

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Shares of logistics companies are trading higher for third straight day on hopes that the government is considering reconvening Parliament to make another attempt to pass the Goods and Services Tax (GST).

Patel Integrated has jumped over 10% to Rs. 90.50 and Gateway Distriparks and Gati has gained 7% each to Rs. 361 and Rs. 146, respectively.

VRL Logistics and Transport Corporation zoomed over 8% each to Rs. 452 and 272.30, respectively.

Meanwhile, the BSE Sensex closed up 161 points at 26,392.

Source: http://www.indiainfoline.com/article/news-top-story/logistics-stocks-jump-on-gst-hopes-115082800404_1.html

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