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Shares of logistics firms gain after Cabinet clears GST Bill

According to analysts, lower tax rate and fast movement of goods and inventories after the implementation of the new indirect tax regime will help logistics providers.

Abhishek Vishnoi | December 18, 2014 | Updated 12:23 IST
Shares of logistics firms gain after Cabinet clears GST Bill
(Photo: Reuters)

Shares of logistics companies gained on domestic bourses after the Cabinet cleared the Goods and Services Tax (GST) Bill.

Stocks of Gateway Distriparks rose 5.6 per cent, while shares of Snowman Logistics climbed up by 7.8 per cent, Gati shares rose 6.7 per cent and Container Corp of India shares gained 3.1 per cent.

According to analysts, lower tax rate and fast movement of goods and inventories after the implementation of the new indirect tax regime applicable nationwide will help logistics providers.

(Reuters)

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