Logistics stocks rally; Gati zooms 4%

India Infoline News Service | Mumbai | October 19, 2016 13:14 IST

The Centre has proposed a tiered rate structure with the rates varying from 4% for commodities like gold to 26% plus cess on so-called sin goods.

Logistics stocks are trading higher after the GST council worked out a compensation formula for states and is now bracing for a testy debate on rates.

The Centre has proposed a tiered rate structure with the rates varying from 4% for commodities like gold to 26% plus cess on so-called sin goods.

Gati Ltd is currently trading at Rs 142.15, up by Rs 5.75 or 4.22% from its previous closing of Rs 136.4 on the BSE. The scrip opened at Rs 138.5 and has touched a high and low of Rs 144.75 and Rs 138.5 respectively. So far 2678846 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1198.94 crore.

Snowman Logistics Ltd is currently trading at Rs 68.85, up by Rs 2 or 2.99% from its previous closing of Rs 66.85 on the BSE. The scrip opened at Rs 68.15 and has touched a high and low of Rs 70.5 and Rs 68.15 respectively. So far 2212374(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1116.98 crore.

VRL Logistics Ltd is currently trading at Rs 325.85, up by Rs 8 or 2.52% from its previous closing of Rs 317.85 on the BSE. The scrip opened at Rs 320.95 and has touched a high and low of Rs 327.5 and Rs 320 respectively. So far 286727(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2900.17 crore.

Allcargo Logistics Ltd is currently trading at Rs 183, up by Rs 4.25 or 2.38% from its previous closing of Rs 178.75 on the BSE. The scrip opened at Rs 207 and has touched a high and low of Rs 207 and Rs 182.1 respectively. So far 103225 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4506.21 crore.

Transport Corporation of India Ltd is currently trading at Rs 180.5, up by Rs 0.25 or 0.14% from its previous closing of Rs 180.25 on the BSE. The scrip opened at Rs 183 and has touched a high and low of Rs 184.5 and Rs 179.05 respectively. So far 52239(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1380.31 crore.

***Note: This is a NSE Chart

 

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