Gujarat Pipavav Port scales record high after twin bulk deals

Gujarat Pipavav Port rose 1.96% to Rs 88.60 at 15:08 IST on BSE after 0.54% equity changed hands in two bulk deals on BSE today, 10 April 2014.

A bulk deal of 15.06 lakh shares was executed on the Gujarat Pipavav Port counter at Rs 87.10 per share at 10:59 IST on BSE today, 10 April 2014. Another bulk deal of 11.16 lakh shares was executed on the counter at Rs 86.60 per share at 11:28 IST on BSE today, 10 April 2014. The twin bulk deals saw 0.54% equity of Gujarat Pipavav Port changing hands today, 10 April 2014.

Meanwhile, the BSE Sensex was up 46.18 points, or 0.2%, to 22,748.52

On BSE, so far 30.56 lakh shares were traded in the counter, compared with an average volume of 1.84 lakh shares in the past one quarter.

The stock hit a record high of Rs 92 in intraday trade today, 10 April 2014. The stock hit a low of Rs 85.85 so far during the day. The stock hit a 52-week low of Rs 42.05 on 27 August 2013.

The stock had outperformed the market over the past one month till 9 April 2014, rising 10.91% compared with the Sensex's 3.57% rise. The scrip had also outperformed the market in past one quarter, surging 41.3% as against Sensex's 9.6% rise.

The mid-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 114.1% to Rs 77.06 crore on 35.1% increase in total income to Rs 164.28 crore in Q4 December 2013 over Q4 December 2012.

AP Moller-Maersk group company Gujarat Pipavav Port (APM Terminals Pipavav), one of Western India's fastest growing gateway ports. APM Terminals is one of the largest container terminal operators in the world and offers the global shipping community an integrated Global Terminal Network of 56 ports and 154 inland facilities in 63 countries.

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