Sical Logistics extends intraday rally after new order win

Sical Logistics surged 8.06% to Rs 234 at 15:19 IST on BSE, with the stock extending its intraday rally triggered after receiving a letter of award for excavation of overburden at Jhingurdah OCP of Northern Coal Fields at Madhya Pradesh.

The contract has to be performed over a period of four years at a value of Rs 304.92 crore. The announcement was made after trading hours on Friday, 13 January 2017.

Meanwhile, the S&P BSE Sensex was up 52.86 points or 0.19% at 27,290.92

On BSE, so far 68,000 shares were traded in the counter as against average daily volume of 2.31 lakh shares in the past one quarter. The stock hit a high of Rs 239.80 and a low of Rs 222.05 so far during the day.

The stock had hit a 52-week high of Rs 256 on 1 November 2016. The stock had hit a 52-week low of Rs 119 on 12 February 2016. The stock had underperformed the market over the past 30 days till 13 January 2017, rising 2.48% compared with the 2.71% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 22.48% as against Sensex's 1.57% decline.

The small-cap company has equity capital of Rs 55.60 crore. Face value per share is Rs 10.

On a consolidated basis, Sical Logistics' net profit rose 113.94% to Rs 7.06 crore on 3.02% growth in net sales to Rs 198.12 crore in Q2 September 2016 over Q2 September 2015.

Sical Logistics is integrated logistics solutions provider providing end to end logistics solutions.

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