Gati gains speed

The shares of Indian logistics firms like Gati, Transport Corporation of India (TCI), Allcargo Logistics, Snowman Logistics hit new high at the stock exchange. Gati recorded a high on the BSE to Rs. 248, boosting up to 17%. Earlier this year in May, a unit of Australian Macquarie Group, Macquarie Bank, had bought 1.18 per cent stake in Gati. Close on its heels, was Transport Corporation of India went up to touch Rs. 271 at the stock exchange while TCI Industries went up by 8%, followed closely by Snowman Logistics hitting 7% and Allcargo Logistics going up by 2% to Rs. 282.