Gujarat Pipavav Port surges as board to mull expansion plan

Gujarat Pipavav Port is currently trading at Rs. 86.80, up by 1.90 points or 2.24% from its previous closing of Rs. 84.90 on the BSE. The scrip opened at Rs. 85.50 and has touched a high and low of Rs. 88.10 and Rs. 85.00 respectively. So far 107201 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.00 on 10-Apr-2014 and a 52 week low of Rs. 42.05 on 27-Aug-2013. Last one week high and low of the scrip stood at Rs. 92.00 and Rs. 84.55 respectively. The current market cap of the company is Rs. 4201.09 crore. The promoters holding in the company stood at 43.01 % while Institutions and Non-Institutions held 46.60 % and 10.40 % respectively. Gujarat Pipavav Port has informed that a meeting of the board of directors of the company will be held on April 17, 2014, to consider and approve revision in expansion plan and its commencement. 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.