Logistic Company Shares Rally As GST Hopes Revived

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    Shares of logistic companies rallied today after hopes that the government would call a special session to clear the GST Bill.

    Shares in All Cargo, VRL Logistics, Gati and Gateway Distriparks gained ground.

    Logistic Company Shares Rally As GST Hopes Revived
    Gateway Distriparks: Quotes, News
    BSE 165.40BSE Quote7.55 (4.56%)
    NSE 167.00NSE Quote8.75 (5.24%)
    VRL Logistics: Quotes, News
    BSE 284.85BSE Quote3.85 (-1.35%)
    NSE 286.00NSE Quote3.7 (-1.29%)
    There were reports that Parliamentary Affairs Minister M. Venkaiah Naidu was in talks with the opposition on convening the "second part of the Monsoon Session".
     

    The session would primarily aim at clearing key Bills including the Goods and Services Tax (GST). It is largely believed that logistics players would benefit from the government's decision to implement the GST.

    However, should the GST fail to pass in the special session, if and when called, it could delay the implementation of the Bill beyond April 1, 2016, which the government has set. This could once again dampen the mood in Logistics stocks.

    GoodReturns.in


    Read more about: gst vrl logistics gateway
    Story first published: Wednesday, August 26, 2015, 12:17 [IST]
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