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Logistics stocks rally in trade, Snowman Logistics hits 52-week high

Snowman Logistics, Allcargo Logistics, Aegis Logistics, VRL Logistics, Gateway Distriparks and Gati rallied up to 9 per cent on the BSE in intra-day trade today.

Logistics shares in focus; Snowman Logistics hit 52-week high

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3 min read Last Updated : Sep 27 2019 | 11:49 AM IST

Shares of logistic companies were trading higher for the second straight day on Friday, on reports that Allcargo Logistics was mulling acquiring stake in rival Gati and Sical Logistics. The report further suggested that Centre could also sell logistic firm Container Corporation of India (Concor) before the end of the current financial year 2019-20.

Individually, Snowman Logistics, Allcargo Logistics, Aegis Logistics, VRL Logistics, Gateway Distriparks and Gati rallied up to 9 per cent on the BSE in intra-day trade today. In comparison, the S&P BSE Sensex was down 0.20 per cent at 38,912 points at 10:07 am. The stock of

Topics : logistics Buzzing stocks

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