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Gujarat Pipavav Port rises after twin bulk deals

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Capital Market

A bulk deal of 2.80 lakh shares was executed on Gujarat Pipavav Port counter at Rs 47.50 per share at 09:39 IST on BSE today, 13 May 2013. Another bulk deal of 11.62 lakh shares was struck on the counter at Rs 47.50 per share at 09:39 IST on BSE today, 13 May 2013.

Meanwhile, the BSE Sensex was down 156.49 points, or 0.78%, to 19,965.83

On BSE, 14.54 lakh shares were traded in the counter as against an average daily volume of 1.86 lakh shares in the past one quarter.

The stock hit a high of Rs 50 and a low of Rs 47.50 so far during the day. The stock had hit a 52-week high of Rs 60.75 on 11 June 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 11 May 2013, falling 2.54% compared with the Sensex's 8.52% rise. The scrip, however, outperformed the market in past one quarter, advancing 15.56% as against Sensex's 3.4% gain.

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 151.3% to Rs 35.38 crore on 23.2% rise in net sales to Rs 114.10 crore in Q1 March 2013 over Q1 March 2012.

Gujarat Pipavav Port is the country's first private sector port providing facilities for handling both container and bulk cargoes.

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First Published: May 13 2013 | 12:22 PM IST

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