Logistics stocks trade higher; Patel Integrated Logistics jumps 3.7%

The shares of Logistics stocks are gaining on the counter on the back of higher volumes on BSE.

Sep 09, 2016 09:09 IST India Infoline News Service

Snowman Logistics
The shares of Logistics stocks are gaining on the counter on the back of higher volumes on BSE. 

President Pranab Mukherjee's approval to the Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year, will be a shot in the arm for Logistics companies.

Gati Ltd is currently trading at Rs. 142.65, up by Rs. 2.9 or 2.08% from its previous closing of Rs. 139.75 on the BSE. The scrip opened at Rs. 143 and has touched a high and low of Rs. 146.5 and Rs. 141.85 respectively. So far 3285650(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1228.39 crore.

Snowman Logistics Ltd is currently trading at Rs. 71.15, up by Rs. 1.45 or 2.08% from its previous closing of Rs. 69.7 on the BSE. The scrip opened at Rs. 71.7 and has touched a high and low of Rs. 72.4 and Rs. 70.9 respectively. So far 1726412(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1164.6 crore.

VRL Logistics Ltd is currently trading at Rs. 295.4, up by Rs. 2.45 or 0.84% from its previous closing of Rs. 292.95 on the BSE. The scrip opened at Rs. 296 and has touched a high and low of Rs. 298.8 and Rs. 294.3 respectively. So far 226337(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2672.98 crore.

Patel Integrated Logistics Ltd is currently trading at Rs. 97.3, up by Rs. 3.55 or 3.79% from its previous closing of Rs. 93.75 on the BSE. The scrip opened at Rs. 95.5 and has touched a high and low of Rs. 99 and Rs. 95.1 respectively. So far 314238(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 148.94 crore.

Sical Logistics Ltd is currently trading at Rs. 174, up by Rs. 1.6 or 0.93% from its previous closing of Rs. 172.4 on the BSE. The scrip opened at Rs. 173.95 and has touched a high and low of Rs. 176.2 and Rs. 171.35 respectively. So far 58169(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 958.54 crore.

Transport Corporation of India Ltd is currently trading at Rs. 187.2, up by Rs. 3.7 or 2.02% from its previous closing of Rs. 183.5 on the BSE. The scrip opened at Rs. 182 and has touched a high and low of Rs. 189.9 and Rs. 182 respectively. So far 47989(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1405.2 crore.

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