Gujarat Pipavav Stock Surges by 6% on block deal

DSIJ Intelligence / 14 Jun 2017

Gujarat Pipavav Stock Surges by 6% on block deal

Gujarat Pipavav Port Limited is an India-based company engaged in the business of port development and operations at Pipavav Port. The company offers cargo handling facilities for the container, bulk, break bulk and liquid cargo.

Gujarat Pipavav Port Limited is an India-based company engaged in the business of port development and operations at Pipavav Port. The company offers cargo handling facilities for the container, bulk, break bulk and liquid cargo. In Wednesday’s trading session,it surged more than 6%. The stock was trading higher by 6.8% at Rs 146 per share at 1436 hours. The company’s 16.7 lakh shares traded in a block deal on NSE at Rs 142.10 per share.

The free-float market capitalisation of the company is Rs 3,765.54 crore and the stock has under performed both BSE Mid-cap and Nifty Services Sector index over a period of one year. 

On the NSE, the traded volume of shares of the company is 57,51,655 and the traded value is Rs 8,212.21 crore.

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