Sical Logistics gained 3.05% to Rs 150.15 at 14:20 IST on BSE after the letter of intent was issued by Kamarajar Port to the company's subsidiary Sical Iron Ore Terminals.
The announcement was made during market hours today, 3 June 2016.Meanwhile, the S&P BSE Sensex was down 20.98 points or 0.08% at 26,822.16.
High volumes were witnessed on the counter. On BSE, so far 49,603 shares were traded in the counter as against average daily volume of 6,394 shares in the past one quarter. The stock hit a high of Rs 153.10 and a low of Rs 147.20 so far during the day. The stock had hit a record high of Rs 203.20 on 5 August 2015. The stock had hit a 52-week low of Rs 114 on 12 June 2015. The stock had outperformed the market over the past one month till 2 June 2016, gaining 9.63% compared with Sensex's 5.53% gains. The scrip had, however, underperformed the market in past one quarter, rising 9.06% as against Sensex's 10.73% gains.
The small-cap company has equity capital of Rs 55.60 crore. Face value per share is Rs 10.
Sical Logistics announced that its subsidiary Sical Iron Ore Terminals has been awarded the letter of intent by Kamarajar Port for modification of the existing iron ore terminal on "as is where is" to also handle common user coal at Kamarajar Port on design, build, finance, operate, and transfer (DBFOT) basis.
Sical Logistics' consolidated net profit fell 48.6% to Rs 8.34 crore on 26% growth in net sales to Rs 239.05 crore in Q4 March 2016 over Q4 March 2015.
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Sical Logistics is integrated logistics solutions provider with over 5 decades of experience in providing end to end logistics solutions.
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