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Gujarat Pipavav Port surges on the BSE

Gujarat Pipavav Port surges on the BSE

Gujarat Pipavav Port is currently trading at Rs. 84.20, up by 1.65 points or 2.00% from its previous closing of Rs. 82.55 on the BSE.

The scrip opened at Rs. 83.90 and has touched a high and low of Rs. 84.25 and Rs. 83.90 respectively. So far 106 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 126.00 on 12-Jul-2018 and a 52 week low of Rs. 75.90 on 27-Feb-2019.

Last one week high and low of the scrip stood at Rs. 85.65 and Rs. 81.00 respectively. The current market cap of the company is Rs. 4070.56 crore.

The promoters holding in the company stood at 43.01%, while Institutions and Non-Institutions held 48.53% and 8.46% respectively.

Gujarat Pipavav Port has suspended entire Port Operations at Pipavav Port, based on the directions of the District Administration as well as Gujarat Maritime Board (the port regulatory authority). The suspension of port operations is being done in view of an advisory of India Metrological Department about a severe Cyclonic Storm which is likely to cross the Gujarat Coast between Porbandar and Mahuva with wind speed of 110-120 km per hour gusting to 135 km per hour during June 13, 2019.

Gujarat Pipavav Port is engaged in providing port handling and marine services for container cargo, bulk cargo, and LPG cargo.

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