Gujarat Pipavav Port fell 2.53% to Rs 131.15 at 15:23 IST on BSE after a bulk deal of 24.22 lakh shares was executed on the scrip at Rs 133.80 per share at 14:21 IST on BSE.
Meanwhile, the S&P BSE Sensex was up 177.31 points, or 0.54%, to 33,284.13. The S&P BSE Mid-Cap index was up 144.76 points, or 0.88%, to 16,648.82.
Bulk deal boosted volume in the Gujarat Pipavav Port (GPPL) scrip. On BSE, so far 27.39 lakh shares were traded in the counter, compared with average daily volume of 1.55 lakh shares in the past one quarter. The stock hit a high of Rs 136.60 and a low of Rs 129.95 so far during the day. The stock hit a 52-week high of Rs 179 on 5 April 2017. The stock hit a 52-week low of Rs 121.20 on 26 December 2016.
The stock had underperformed the market over the past one month till 16 November 2017, falling 4.06% compared with the 1.6% gain in the Sensex. The scrip had also underperformed the market in past one quarter, declining 2.15% as against Sensex's 5.02% gain. The stock also underperformed the market over the past one year, rising 1.24% compared with the 26.23% gain in the Sensex.
The mid-cap company has an equity capital of Rs 483.44 crore. Face value per share is Rs 10.
GPPL's net profit fell 25.65% to Rs 44.18 crore on 11.91% fall in net sales to Rs 151.67 crore in Q2 September 2017 over Q2 September 2016.
GPPL is managed and operated by APM Terminals, the ports and terminals company of the maritime giant, the A.P. Moller-Maersk Group. APM Terminals is one of the largest container terminal operators in the world and offers the global shipping community an integrated Global Terminal Network of 56 ports and 154 inland facilities in 63 countries.
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