Logistics stocks in limelight, gain up to 5%

New Delhi, Mar 30 (PTI) Logistics stocks today went up byup to 5 per cent as Goods and Services Tax (GST) regime came astep closer to meet its July 1 rollout target, with the LokSabha approving four s

New Delhi, Mar 30 (PTI) Logistics stocks today went up by

up to 5 per cent as Goods and Services Tax (GST) regime came a

step closer to meet its July 1 rollout target, with the Lok

Sabha approving four supplementary legislations.

Arshiya Ltd surged 4.98 per cent, Blue Dart Express

jumped 4.24 per cent, Allcargo Logistics (3.28 per cent), VRL

Logistics (2.08 per cent) and TCI Express (0.83 per cent) on

BSE.

The Central GST Bill, 2017; The Integrated GST Bill,

2017; The GST (Compensation to States) Bill, 2017; and The

Union Territory GST Bill, 2017 were passed after negation of a

host of amendments moved by the opposition parties.

Touted as the biggest taxation reform since Independence,

GST will subsume central excise, service tax, VAT and other

local levies to create an uniform market.

This is published unedited from the PTI feed.