India, Jan. 13 -- A microcap stock where the company is an integrated logistics solutions provider was in the spotlight as the stock hit its upper circuit soon after the company bagged an LoA with a value of Rs 4038 Crore, for a project at Raigarh, Chhattisgarh. The value of the LoA is 650 percent of the current market capitalization of the company.

With a market cap of Rs 609 Cr, Sical Logistics Ltd saw its stock hit the upper circuit of Rs 93.3 which is 5 percent higher than the previous close of Rs 88.9. This stock has given a compounded return of 123 percent in the last 3 years.

What's the News? Sical Logistics Limited announced that the company has received a significant boost after securing a Letter of Acceptance dated January 12,...