Gujarat Pipavav Port hits 52-week after twin bulk deals

Gujarat Pipavav Port surged 4.14% to Rs 61.70 at 15:10 IST on BSE after 0.14% equity changed hands in two bulk deals executed on the counter on BSE today, 12 December 2013.

A bulk deal of 1.70 lakh shares was executed on the Gujarat Pipavav Port counter at Rs 59.20 per share at 12:25 IST on BSE today, 12 December 2013. Another bulk deal of 5 lakh shares was executed on the counter at Rs 59.20 per share at 12:36 IST on BSE today, 12 December 2013.

Meanwhile, the S&P BSE Sensex was down 240.54 points, or 1.14%, to 20,930.87

On BSE, so far 9.52 lakh shares were traded in the counter compared with average volume of 1.94 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 62.15 in intraday trade today, 12 December 2013. The stock hit a low of Rs 58.50 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 11 December 2013, rising 8.52% compared with the Sensex's 3.32% rise. The scrip had also outperformed the market in past one quarter, rising 32.4% as against Sensex's 5.87% rise.

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

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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