Gujarat Pipavav Port nears 52-week high; stock surges 18% in one month

The stock was up 4% to Rs 108.85, and was trading close to its 52-week high level of Rs 109.35 touched on December 30, 2022

Shares of Gujarat Pipavav Port (GPPL) were up 4 per cent to Rs 108.85 on the BSE in Wednesday's intra-day trade. The stock was trading close to its 52-week high level of Rs 109.35, touched on December 30, 2022.

In the past one month, the stock outperformed the market by surging 18 per cent after reported a strong 89 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 84.36 crore in the December quarter (Q3FY23). The company had posted net profit of Rs 44.60 crore in the year-ago quarter (Q3FY22). Revenue from operations grew 48.6 per