On Monday (6 July), JP Morgan Funds purchased 30.34 lakh equity shares, or 0.63% stake, of Gujarat Pipavav Port at an average price of Rs 77.85 per share via block deal on the BSE.

JP Morgan Funds acquired the shares from Flagship Indian Investment Company (Mauritius).

On a consolidated basis, Gujarat Pipavav Port's net profit fell 9.1% to Rs 54.14 crore on a 10.1% decline in net sales to Rs 161.94 crore in Q4 FY20 over Q4 FY19.

The company is engaged in providing port handling and marine services for container cargo, bulk cargo, and LPG cargo.

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PNC Infratech Ltd, Sterling & Wilson Solar Ltd, Indian Overseas Bank, TTK Prestige Ltd are among the other stocks to see a surge in volumes on BSE today, 26 June 2020.

Gujarat Pipavav Port Ltd witnessed volume of 48.62 lakh shares by 10:53 IST on BSE, a 140.82 times surge over two-week average daily volume of 34530 shares. The stock increased 1.19% to Rs.80.45. Volumes stood at 16926 shares in the last session.

PNC Infratech Ltd saw volume of 60348 shares by 10:53 IST on BSE, a 4.32 fold spurt over two-week average daily volume of 13956 shares. The stock increased 8.42% to Rs.144.20. Volumes stood at 9086 shares in the last session.

Sterling & Wilson Solar Ltd notched up volume of 1.99 lakh shares by 10:53 IST on BSE, a 4.03 fold spurt over two-week average daily volume of 49371 shares. The stock rose 4.98% to Rs.199.25. Volumes stood at 8527 shares in the last session.

Indian Overseas Bank recorded volume of 32.73 lakh shares by 10:53 IST on BSE, a 3.58 times surge over two-week average daily volume of 9.13 lakh shares. The stock gained 9.92% to Rs.13.18. Volumes stood at 31.95 lakh shares in the last session.

TTK Prestige Ltd recorded volume of 399 shares by 10:53 IST on BSE, a 2.3 times surge over two-week average daily volume of 174 shares. The stock gained 7.27% to Rs.5,520.00. Volumes stood at 396 shares in the last session.

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Gujarat Pipavav Port announced that the 28th Annual General Meeting (AGM) of the company will be held on 6 August 2020.

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Net profit of Gujarat Pipavav Port declined 9.12% to Rs 54.14 crore in the quarter ended March 2020 as against Rs 59.57 crore during the previous quarter ended March 2019. Sales declined 10.10% to Rs 161.94 crore in the quarter ended March 2020 as against Rs 180.13 crore during the previous quarter ended March 2019.

For the full year,net profit rose 34.97% to Rs 319.44 crore in the year ended March 2020 as against Rs 236.68 crore during the previous year ended March 2019. Sales rose 4.76% to Rs 735.37 crore in the year ended March 2020 as against Rs 701.98 crore during the previous year ended March 2019.

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