The ongoing festive discount offers from e-tailers Amazon, Flipkart and Snapdeal have put the spotlight on logistics shares.
Amazon, Flipkart and Snapdeal have claimed a strong start to their festive season offers, boosting the sentiment in logistics shares.
(Read | Amazon Bets Billions On Taking Title As India's Top Web Retailer)
Patel Integrated Logistics was up 5 per cent at Rs 89.55 while Blue Dart Express rose 1 per cent.
Gati, Snowman Logistics, Allcargo Logistics and Aegis Logistics surged between 3 per cent and 4.5 per cent. In comparison, the benchmark index Sensex was up 1 per cent.
E-commerce majors Snapdeal and Flipkart have claimed lakhs of transactions on their platforms on the first of the 5-day discount sales.
Amazon, which started its 5-days special sale on October 1, said it has seen 6 times growth over its regular business.
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