Sical Logistics gains after strong Q1 results

Sical Logistics rose 2.53% to Rs 267 at 9:28 IST on BSE after consolidated net profit rose 75.86% to Rs 11.80 crore on 14.40% increase in net sales to Rs 244.76 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 2 August 2017.

Meanwhile, the S&P BSE Sensex was down 72.43 points, or 0.22% to 32,404.31.

On the BSE, 12,000 shares were traded in the counter so far, compared with average daily volumes of 7,977 shares in the past one quarter. The stock had hit a high of Rs 275 and a low of Rs 266.05 so far during the day. The stock hit a 52-week high of Rs 285 on 11 May 2017. The stock hit a 52-week low of Rs 142 on 10 August 2016.

The stock had outperformed the market over the past one month till 2 August 2017, rising 4.39% compared with 4.06% rise in the Sensex. The scrip had underperformed the market in past one quarter, rising 3.07% as against Sensex's 7.80% rise. The scrip had outperformed the market in past one year, rising 72.85% as against Sensex's 17.26% rise.

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

Meanwhile, Sical Logistics announced after market hours yesterday, 2 August 2017, it will provide corporate guarantee to the extent of Rs 40 crore to Kamarajar Port on behalf of the company's subsidiary for execution of the modification project.

Sical Logistics is primarily engaged in providing integrated logistics services.

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