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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 179.50BSE Quote3.1 (1.73%)
NSE 179.25NSE Quote3.75 (2.09%)
VRL Logistics: Quotes, News
BSE 265.00BSE Quote6.1 (2.30%)
NSE 265.00NSE Quote7.65 (2.89%)
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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