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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.
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.
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