Sical Logistics jumped 7.20% to Rs 73.70 at 10:59 IST on BSE, after a unit of the company secured a multimodal contract worth Rs 163 crore.
The company announced the new order win during trading hours today, 31 December 2009.
Meanwhile, the BSE Sensex was up 169.16 points, or 0.97%, to 17,512.98.
On BSE, 2.73 lakh shares were traded in the counter as against an average daily volume of 83,675 shares in the past one quarter.
The stock hit a high of Rs 75.60 and a low of Rs 69.10 so far during the day. The stock had hit a 52-week high of Rs 79.45 on 9 October 2009 and a 52-week low of Rs 19.10 on 12 March 2009.
The small-cap stock had outperformed the market over the past one month till 30 December 2009, rising 13.54% as compared to the Sensex's 2.47% rise. It had underperformed the market in the past one quarter, gaining 0.29% as compared to the Sensex's return of 0.29%.
The company's equity capital is Rs 39.52 crore. Face value per share is Rs 10.
The current price of Rs 73.70 discounts the company's Q2 September 2009 annualized EPS of Rs 2.47, by a PE multiple of 29.84.
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.