Logistics shares in focus; Gati, Snowman up over 5%

Patel Integrated, Transport Corporation, Allcargo, Gateway Distriparks and VRL Logistics up 3%-7%

Shares of logistics companies were in focus and trading higher by up to 7% on the BSE in early morning trade in an otherwise weak market ahead of the GST Council meet today.

Gati, Patel Integrated Logistics, Snowman Logistics, Transport Corporation of India, Allcargo Logistics, Sical Logistics, Gateway Distriparks and VRL Logistics were up 3%-7% as compared to 0.37% decline in the S&P BSE Sensex at 09:30 am.

The GST Council will meet Commerce and Industry minister Nirmala Sitharaman and representatives of information technology (IT), telecom, heavy industry, road transport, banking and insurance sectors on Tuesday to assess the implementation hurdles under the new goods and services tax regime, the Business Standard report suggests.

COMPANY	LATEST	PREV CLOSE	GAIN(%)
PATEL INTEGRATED	79.70	74.60	6.84
GATI	124.10	116.25	6.75
SNOWMAN LOGISTIC	54.65	51.80	5.50
TRANSPORT CORP.	154.50	148.10	4.32
SICAL LOGISTICS	211.00	202.45	4.22
GATEWAY DISTR.	256.00	246.30	3.94
VRL LOGISTICS	268.65	259.20	3.65
ALLCARGO LOGIST.	186.40	181.30	2.81
CHART.LOGISTICS	22.50	21.95	2.51
CONTAINER CORPN.	1159.50	1147.70	1.03
Sensex	26496.57	26595.45	-0.37