Back-to-back upper circuit: This micro-cap logistics company with m-cap of Rs 47.77 crore bags an order worth Rs 2,656.95 crore!

Shares of this company have gained more than 40 per cent in the last one month.

Sical Logistics Limited made a new 52-week high, gaining about 5 per cent. In the last one month, shares of the company have gained more than 40 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit.

The company recently got a new work order worth Rs 2,656.95 crore. The company in the exchange filing stated that Northern Coalfields Limited, a miniratna company and subsidiary of Coal India Limited has awarded a tender to the joint venture or the consortium of Sical Logistics Limited (“Company”) and Sheranwali Infrastructure Private Limited.

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The order is for excavation of overburden of first dig (solid) by mechanical means such as excavators, dumpers, tippers, drills, dozers, graders and pressurized water sprinklers for composite work consisting of blast hole drilling, excavation, loading, transportation of broken rocks, soil, earth, unloading, dumping, spreading, dozing, water sprinkling and grading etc. as per instructions of engineer-in charge at specified places at Nigahi OCP of Northern Coalfields Limited. The order is worth Rs 2656.95 crore with a contract period of 5 years and an annualized order value of Rs 532 crore.

Sical Logistics Limited, founded in 1955, is a leading integrated logistics solutions provider. The Company is into port handling, road and rail transport, warehousing, shipping, retail logistics, mining and integrated logistics.

In the last one month, the stock gained more than 40 per cent and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.