Gujarat Pipavav Port jumped 7.92% to Rs 51.75 at 10:45 IST on BSE after net profit surged 151.28% to Rs 35.38 crore on 23.24% rise in net sales to Rs 114.10 crore in Q1 March 2013 over Q1 March 2012.
The result was announced after market hours on Thursday, 3 May 2013.
Meanwhile, the BSE Sensex was down 106.51 points, or 0.54%, to 19,629.26.
On BSE, 9.65 lakh shares were traded in the counter as against an average daily volume of 1.71 lakh shares in the past one quarter.
The stock hit a high of Rs 53.50 and a low of Rs 49.45 so far during the day. The stock had hit a 52-week high of Rs 61.80 on 2 May 2012. The stock had hit a record low of Rs 41 on 12 February 2013.
The stock had underperformed the market over the past one month till 2 May 2013, falling 4.10% compared with the Sensex's 3.65% rise. The scrip had, however, outperformed the market in past one quarter, rising 10.87% as against Sensex's 0.23% fall.
The small-cap company has an equity capital of Rs 483.44 crore. Face value per share is Rs 10.
Gujarat Pipavav Port is the country's first private sector port providing facilities for handling both container and bulk cargoes.
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