The Credit Rating Agency ICRA has downgraded the ratings to [ICRA] D / D From [ICRA] BB+ [Negative] / A4 for Long Term Loans and Short term fund and non-fund based facilities respectively. Similarly, Brickwork Ratings have downgraded the ratings to BWR D / D from BWR BB-/A4 respectively for the fund based and non-fund based facilities availed by SICAL Logistics Ltd. As per the credit rating agencies, the revision is due to delays in debt servicing on the term loans due in August, 2019 awaiting the consent of lenders by the company for deferment of payment as was sought.
Shares of SICAL LOGISTICS LTD. was last trading in BSE at Rs.29.8 as compared to the previous close of Rs. 28.4. The total number of shares traded during the day was 74534 in over 277 trades.
The stock hit an intraday high of Rs. 29.8 and intraday low of 28.55. The net turnover during the day was Rs. 2210312.