Logistic stocks rally on GST inches close to become reality

Dated 14th July, 2016

Shares of logistic companies posted impressive surge on the bourses after the deputy opposition leader in Rajya Sabha was reported to meet the NDA government on GST Bill tomorrow. Further the leader said that there is more convergence with the government on GST today than earlier.

The opposition deputy leader is expected to meet the government officials tomorrow for GST Bill.

Agarwal Industrial Corporation Ltd is currently trading at Rs. 135, up by Rs. 13.85 or 11.43% from its previous closing of Rs. 121.15 on the BSE. The scrip opened at Rs. 120 and has touched a high and low of Rs. 142.3 and Rs. 120 respectively. So far 152004(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 66.75 crore.

Snowman Logistics Ltd is currently trading at Rs. 88.75, up by Rs. 6.85 or 8.36% from its previous closing of Rs. 81.9 on the BSE. The scrip opened at Rs. 82 and has touched a high and low of Rs. 89.2 and Rs. 80.9 respectively. So far 5349129(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1368.45 crore.

Allcargo Logistics Ltd is currently trading at Rs. 193.2, up by Rs. 11.05 or 6.07% from its previous closing of Rs. 182.15 on the BSE. The scrip opened at Rs. 182.5 and has touched a high and low of Rs. 193.9 and Rs. 181.5 respectively. So far 409625(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4591.92 crore.

Transport Corporation of India Ltd is currently trading at Rs. 354, up by Rs. 20.7 or 6.21% from its previous closing of Rs. 333.3 on the BSE. The scrip opened at Rs. 338.75 and has touched a high and low of Rs. 354.8 and Rs. 335.15 respectively. So far 247467(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2535.53 crore.

VRL Logistics Ltd is currently trading at Rs. 330, up by Rs. 16.3 or 5.2% from its previous closing of Rs. 313.7 on the BSE. The scrip opened at Rs. 314.5 and has touched a high and low of Rs. 333.65 and Rs. 311.3 respectively. So far 1204178(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2862.31 crore.

(This article is published in Indian Infoline on 14 July 2016)