The company announced the results during trading hours today, 29 October 2008.

Meanwhile, the BSE Sensex was up 55.85 points, or 0.62%, to 9,063.93.

On BSE, 9,322 shares were traded in the counter. The stock had an average daily volume of 60,801 shares in the past one quarter.

The stock hit a high of Rs 33 and a low of Rs 28.50 so far during the day. The stock has a 52-week high of Rs 370 on 3 January 2008 and a 52-week low of Rs 23.25 on 27 October 2008.

The stock gained 14.69% to Rs 30.05 on 28 October 2008, ahead of the results.

The small-cap stock had underperformed the market over the past one month till 28 October 2008, declining 53.16% as compared to the Sensex’s decline of 31.25%. It had also underperformed the market in the past one quarter, declining 68.30% as compared to the Sensex’s decline of 37.22%.

The company’s current equity is Rs 39.52 crore. Face value per share is Rs 10.

Sical Logistics’ net sales fell 47.93% to Rs 122.49 crore in Q2 September 2008 over Q2 September 2007.

In August 2008, the company initiated the operation of its second container train from Melpakkam rail terminal near Chennai to a private rail siding at Patli near Gurgaon.

Sical Logistics is an integrated solutions provider for the offshore logistics and the multi-modal logistics for bulk and containerised cargo.