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Gujarat Pipavav Port strengthens on commencing port operations at Pipavav

30 Jun 2015

Gujarat Pipavav Port is currently trading at Rs. 218.25, up by 6.30 points or 2.97% from its previous closing of Rs. 211.95 on the BSE.

The scrip opened at Rs. 212.35 and has touched a high and low of Rs. 219.45 and Rs. 211.30 respectively. So far 40316 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 262.00 on 06-Apr-2015 and a 52 week low of Rs. 112.00 on 09-Jul-2014.

Last one week high and low of the scrip stood at Rs. 229.80 and Rs. 205.00 respectively. The current market cap of the company is Rs. 10551.08 crore.

The promoters holding in the company stood at 43.01 % while Institutions and Non-Institutions held 49.24 % and 7.76 % respectively.

With the improved weather conditions, Gujarat Pipavav Port has commenced its port operations at Pipavav, Gujarat. But certain sections of the rail line connecting Pipavav to Surendranagar have been extensively damaged causing suspension of rail movement to and from the port.  The Engineers of Indian Railways are visiting the site for assessment of damages and decide the further course of action.

The port, the first PPP port in the country and owned by the AP Moller-Maersk Group, had to suspend operations due to the cyclonic weather conditions and breakdown of power supply and communication following massive floods in the regions.

Gujarat Pipavav Port is the developer and operator of APM Terminals Pipavav, India's first private sector port, which has multi-cargo and multi-user operations.

Related Gujarat Pipavav Port Ltd. Links:

Gujarat Pipavav Port Share Price

119.00 2.55 (2.19%) Jun 15, 18:01
1 Year Price Chart
Peers
Company Name CMP
Adani Ports &Special 761.45
Gujarat Pipavav Port 119.00
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Sensex vs Gujarat Pipavav Port
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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