GST will benefit logistics companies

GST Bill has been dominating news space ever since the monsoon session of Parliament began on July 18, impacting the movement of stocks in various sector, including logistics. Stocks of logistics companies like North Eastern Carrying Corporation, Coastal Roadways, TAAL Enterprises, Chartered Logistics and Allcargo Logistics have surged by 17.74 per cent, 17.74 per cent, 16.70 per cent, 16.67 per cent and 10.51 per cent from July 18 to August 2. The benchmark BSE Sensex gained 0.85 per cent during the same period.

Other logistics majors such as VRL Logistics, Transport Corporation of India, Container Corporation of India and Snowman Logistics gained 8.46 per cent, 7.20 per cent, 6.59 per cent and 6.51 per cent, respectively, since the beginning of monsoon session in the Parliament. The bill is slated to be tabled in Rajya Sabha around 2 pm on Wednesday, which experts believe will benefit the logistics sectors the most among others.

1 Comments

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