What to Watch. Logistics shares may lose traction on GST woes

Share of logistics stocks, such as Container Corporation, Snowman Logistics, VRL Logistics, Gati, Allcargo Logistics and Patel Integrated may come under pressure, as it now appears that the government may not push the Goods and Service Tax (GST) Bill in the current session of Parliament. Shares of most of these companies had moved up in anticipation of the passage of the GST Bill, which is expected to boost the bottomline of these firms.