Sical Logistics rallies over 15% on heavy volumes

The stock rallied 15% to Rs 274, also its 52-week high, surging 22% in past two trading sessions.

Sical Logistics rallied 18% to Rs 274, also its 52-week high on the National Stock Exchange (NSE) on back of heavy volumes.

In past two trading sessions, the stock surged 22% after two promoter group companies – Darnolly Investments and Ranford Investments – have sold nearly 2% stake of Sical Logistics through open market transactions.

Darnolly Investments offloaded 910,000 shares representing 1.64% stake of the company in open market, while Ranford Investments sold 201,000 shares or 0.36% holding on February 9, 2017, according to information filed by Sical Logistics.

Gagandeep Credit Capital Pvt. Ltd. bought 910,000 shares