Gujarat Pipavav Port gains after bulk deal

A bulk deal of 5.70 lakh shares was struck on the Gujarat Pipavav Port counter at Rs 48 per share at 09:34 IST on the BSE today, 15 January 2013.

Meanwhile, the BSE Sensex was up 11 points or 0.06% to 19,917.41

On BSE, 5.92 lakh shares were traded in the counter as against average daily volume of 98,674 shares in the past one quarter.

The stock hit a high of Rs 48.55 and a low of Rs 47.95 so far during the day. The stock had hit a 52-week high of Rs 64.40 on 17 January 2012. The stock had hit a record low of Rs 44.25 on 21 November 2012.

The small-cap stock had underperformed the market over the past one month till 14 January 2013, falling 2.74% compared with the Sensex's 3.05% rise. The scrip also underperformed the market in past one quarter, falling 5.25% as against Sensex's 6.59% rise.

The company has equity capital of Rs 483.44 crore. Face value per share is Rs 10.

Gujarat Pipavav Port's net profit fell 38.2% to Rs 8.17 crore on 6.5% decline in net sales to Rs 86.47 crore in Q3 September 2012 over Q3 September 2011.

Gujarat Pipavav Port is the country's first private sector port providing facilities for handling both container and bulk cargoes.

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