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Gujarat Pipavav Port Q1 Update: Container Cargo Volume Handled Flat At 1.64 Lakh TEUs

  • Gujarat Pipavav Port Ltd. reported a container cargo volume of 1.64 lakh TEUs in the June quarter, a 0.6% decrease from the same period last year.
  • Dry bulk cargo volume remained flat at 0.55 million tonnes, while liquid cargo volume increased to 0.41 million tonnes.
  • Container trains volume handled by Gujarat Pipavav declined slightly to 447 in the quarter, with containers handled on trains decreasing to 99,000 TEUs from 1.02 lakh TEUs year-on-year.
  • The stock of Gujarat Pipavav Port settled 1.3% lower at Rs 155.31 apiece on the NSE after the market hours. Analysts have mixed recommendations on the stock, with an average 12-month price target suggesting a potential downside.

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