Find out why the logistics companies were in the thick of action today

Logistics companies were in the thick of action as investors latched on to beaten down prices on Friday after a 7-day broader sell-off on domestic stocks.

Blue Dart Express, the top player in the segment, lead peers higher on sustained buying across the industry. Blue Dart gained 3.2 percent to 6,950 rupees. GATI jumped 8.5 percent to 148 rupees. Snowman Logistics rose 5.8 percent to 100.30 rupees, Transport Corp jumped 6.9 percent to 271 rupees.Patel Integrated surged 13 percent to 92.80 rupees and VRL Logistics jumped 9.8 percent to 312.50 rupees

The entire sector saw secular buying with 14 out of 18 stocks in the industry posting gains far in excess of the broader markets, where the Nifty was just 0.7 percent higher at 8,004 points.

Investors have taken fancy for the logistics sector over the past one year on expectations that expanding growth will result in a higher movement of freight across the country.

Image credit: Indiatimes