Friday 29 January 2016

Gujarat Pipavav gains 2.6% despite Q3 net profit plunging 40%

The company posted a net profit of Rs. 533 mn for the quarter ended December 31, 2015 compared with Rs. 893.177 mn for the quarter ended December 31, 2014.


Gujarat Pipavav Port Ltd stock was up 3% at Rs. 158.The company posted a net profit of Rs. 533 mn for the quarter ended December 31, 2015 compared with Rs. 893.177 mn for the quarter ended December 31, 2014. 

Total Income has decreased from Rs. 1896.122 mn for the quarter ended December 31, 2014 to Rs. 1718.378 mn for the quarter ended December 31, 2015.

The scrip opened at Rs. 153.9 and has touched a high and low of Rs. 159.9 and Rs. 152.25 respectively. So far 237801(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 7457.06 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 262 on 06-Apr-2015 and a 52 week low of Rs. 136.6 on 30-Dec-2015. Last one week high and low of the scrip stood at Rs. 157.55 and Rs. 144 respectively.

The promoters holding in the company stood at 43.01 % while Institutions and Non-Institutions held 49.36 % and 7.63 % respectively.

The stock is currently trading below its 200 DMA.

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