Gujarat Pipavav Port is currently trading at Rs. 47.00, up by 1.65 points or 3.64% from its previous closing of Rs. 45.35 on the BSE.
The scrip opened at Rs. 45.20 and has touched a high and low of Rs. 47.40 and Rs. 45.05 respectively. So far 14,94,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.00 on 06-May-2013 and a 52 week low of Rs. 41.00 on 12-Feb-2013.
Last one week high and low of the scrip stood at Rs. 46.40 and Rs. 44.20 respectively. The current market cap of the company is Rs. 2,272 crore.
The promoters holding in the company stood at 43.01% while Institutions and Non-Institutions held 45.98% and 11.02% respectively.
Credit rating agency, CRISIL has revised rating of Gujarat Pipavav Port’s long term bank facilities to A+ with stable outlook. The rating agency has also revised rating of the company’s short term bank facilities at A1+.
Recently, the company upgraded its infrastructure with the ability to carry Double Stack High Cube Containers. With this initiative, it aims to slash transportation cost, increase operational capacity for the port, inland container depots and rail operators. This new facility will provide better hinterland connectivity for customers based in North and North West India.
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.