Logistics shares extends gain; Gati, Snowman up over 3%

Gati, Snowman, TCI, Allcargo Logistics, Gateway Distriparks and VRL Logistics were up 1%-5%

Shares of logistics companies were trading higher for the second straight day on BSE after the Goods and Services Tax (GST) Council on Monday broke a deadlock over issues of administrative control over assessees and broadly agreed to roll out the GST from July 1, instead of the earlier deadline of April 1.

Gati, Patel Integrated Logistics, Snowman Logistics, Transport Corporation of India, Allcargo Logistics, Sical Logistics, Gateway Distriparks and VRL Logistics were up 1%-5% as compared to 0.29% rise in the S&P BSE Sensex at 09:24 am. Most of these stocks were ended higher between 1% and 8%