Gujarat Pipavav shares surge nearly 8% on robust earnings

Shares of Gujarat Pipavav Port today surged nearly 8 per cent after the company's net profit jumped 72.51 per cent in the January-March quarter.
The company's stock ended the day at Rs 96.25, up 7.66 per cent from its previous close. In intra-day, the stock surged 17.89 per cent to Rs 105.40 -- its 52-week high at the BSE.
At the NSE, the scrip zoomed 6.90 per cent to settle at Rs 96.
On the volume front, 20.12 lakh shares of the company changed hands at the BSE, while more than 83 lakh shares were traded at the NSE during the day.

The results were announced yesterday after market hours.
Gujarat Pipavav's net profit jumped 72.51 per cent to Rs 61.02 crore in the quarter ended March 31, 2014.
It saw a 25.49 per cent growth in total income from operations to Rs 156.20 crore in March 2014 over March 2013.