Gujarat Pipavav Port Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 5112.38 Crore) operating in Shipping sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 206.83 Crore, up 7.58 % from last quarter Total Income of Rs 192.26 Crore and down -.54 % from last year same quarter Total Income of Rs 207.95 Crore. Company reported net profit after tax of Rs 54.33 Crore in latest quarter.
Investment Rationale
Stock rebounding from the lower band of the rising channel in place since August 2020 and 200 days EMA thus provides fresh entry opportunity
Promoter/FII Holdings
Promoters held 44 per cent stake in the company as of Sept 30, 2020, while FIIs held 19.8 per cent, DIIs 25.7 per cent and public and others 10.4 per cent.
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