Sical Logistics share price sore after winning contract worth Rs 304.92 crore

Jan 16, 2017: Sical Logistics surged 8.06% to Rs 234 at 15:19 IST on BSE, following the company’s announcement that it received a letter of award for a contract worth Rs 304.92 crore.

The company has bagged the contract for excavation of overburden at Jhingurdah OCP of Northern Coal Fields at Madhya Pradesh, to be performed over a period of four years. The announcement was made after market hours on Friday, 13 January 2017.

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

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.

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