Gujarat Pipavav Port hits 52-week high after bulk deal

Gujarat Pipavav Port rose 1.04% to Rs 58.10 at 13:51 IST on BSE after a bulk deal of 5 lakh shares was executed on the counter on BSE today, 9 December 2013.

A bulk deal of 5 lakh shares was executed on the Gujarat Pipavav Port counter at Rs 59 per share at 11:02 IST on BSE today, 9 December 2013. The bulk deal saw 0.1% equity of the company changing hands.

Meanwhile, the S&P BSE Sensex was up 323.04 points, or 1.54%, to 21,319.57

On BSE, 5.88 lakh shares were traded in the counter compared with average volume of 1.83 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 59.65 in intraday trade today, 9 December 2013. The stock hit a low of Rs 57.40 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 6 December 2013, rising 1.23% compared with the Sensex's 0.49% rise. The scrip had also outperformed the market in past one quarter, surging 29.5% as against Sensex's 8.96% 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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