Gujarat Pipavav Port slips after twin bulk deals

Two bulk deals of 7.50 lakh shares each were struck on the Gujarat Pipavav Port counter at an average price of Rs 48.60 per share at 11:23 IST on the BSE today, 23 April 2013.

Meanwhile, the BSE Sensex was down 83.18 points or 0.43% to 19,086.65

On BSE, 15.11 lakh shares were traded in the counter as against average daily volume of 1.01 lakh shares in the past one quarter.

The stock hit a high of Rs 49 and a low of Rs 47.85 so far during the day. The stock had hit a 52-week high of Rs 62 on 23 April 2012. The stock had hit a record low of Rs 41 on 12 February 2013.

The stock had underperformed the market over the past one month till 22 April 2013, falling 3.7% compared with the Sensex's 2.32% rise. The scrip, however, outperformed the market in past one quarter, advancing 8.2% as against Sensex's 4.06% fall.

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

Gujarat Pipavav Port's net profit rose 33.3% to Rs 35.99 crore on 3.3% rise in net sales to Rs 107.58 crore in Q4 December 2012 over Q4 December 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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