The company announced the new order win during trading hours on Thursday, 31 December 2009, when the stock had jumped 9.31% t Rs 75.15.
Meanwhile, the BSE Sensex was up 48.49 points, or 0.28%, to 17,513.30.
On BSE, 2.57 lakh shares were traded in the counter as against an average daily volume of 85,107 shares in the past one quarter.
The stock hit a high of Rs 79.70 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 73 so far during the day. The stock hit a 52-week low of Rs 19.10 on 12 March 2009.
The stock has risen 13.09% in two days from a recent low of Rs 68.75 on 30 December 2009.
The small-cap stock had outperformed the market over the past one month till 31 December 2009, gaining 24.11% as compared to the Sensex's 3.18% rise. It had also outperformed the market in the past one quarter, rising 9.63% as compared to the Sensex's return of 1.97%.
The company's equity capital is Rs 39.52 crore. Face value per share is Rs 10.
The current price of Rs 77.75 discounts the company's Q2 September 2009 annualized EPS of Rs 2.42, by a PE multiple of 32.13.
Sical Multimodal & Rail Transport (SMRTL), a step down subsidiary of Sical Logistics has secured the latest order from state-run Hindustan Copper.
The contract is for a term of two years beginning 1 January 2010 and it can be extended by one more year.
SMRTL is a wholly owned subsidiary of Sical Infra Assets (SIAL), which in turn is a subsidiary of Sical Logistics. Sical Logistics holds 74% stake in SIAL, whereas the balance 26% held by Old Lane Mauritius.
Sical Logistics had on 17 December 2009 said it had bought back foreign currency convertible bonds aggregating $38.25 million. The buyback of foreign currency convertible bonds (FCCBs) will help reduce liabilities and interest costs.
Sical Logistics reported a net profit of Rs 2.44 crore in Q2 September 2009 as compared to net loss of Rs 41.93 crore in Q2 September 2008. Net sales rose 3.2% to Rs 126.46 crore in Q2 September 2009 over Q2 September 2008.
Sical Logistics is an integrated solutions provider for the offshore logistics and the multi-modal logistics for bulk and containerized cargo.
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