Gujarat Pipavav Port hits 52-week after bulk deal

Gujarat Pipavav Port gained 3.08% to Rs 63.50 at 12:01 IST on BSE after 0.06% equity changed hands in a bulk deal executed on the counter on BSE today, 13 December 2013.

A bulk deal of 3 lakh shares was executed on the Gujarat Pipavav Port counter at Rs 63 per share at 10:46 IST on BSE today, 13 December 2013.

Meanwhile, the S&P BSE Sensex was down 167.59 points, or 0.8%, to 20,758.02

On BSE, so far 5.18 lakh shares were traded in the counter compared with average volume of 2.09 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 63.75 in intraday trade today, 13 December 2013. The stock hit a low of Rs 61 so far during the day. The stock hit a record low of Rs 41 on 12 February 2013.

The stock outperformed the market over the past one month till 12 December 2013, rising 14.93% compared with the Sensex's 3.17% rise. The scrip also outperformed the market in past one quarter, surging 37.96% as against Sensex's 5.78% rise.

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

Shares of Gujarat Pipavav Port had gained 3.97% to Rs 61.60 on Thursday, 12 December 2013 after 0.14% equity changed hands in two bulk deals on BSE on Thursday, 12 December 2013. A bulk deal of 1.70 lakh shares was executed on the counter at Rs 59.20 per share. Another bulk deal of 5 lakh shares was executed on the counter at Rs 59.20 per share.

Gujarat Pipavav Port's net profit surged 439.7% to Rs 44.09 crore on 36.4% jump in net sales to Rs 117.98 crore in Q3 September 2013 over Q3 September 2012.

Gujarat Pipavav Port provides facilities for handling both container and bulk cargo.

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