India's Gujarat Pipavav falls on weak Q2 volume

Container of India

07/10/2024 09:21

** Shares of Gujarat Pipavav Port  GPPL.NS  down 4.1% to
205.5 rupees, their lowest since July 23
    ** Number of container trains handled by the port operator
in Q2FY25 reduced to 515 from 626 a year ago
    ** GPPL's third-busiest day in nearly two weeks, with more
than 1.6 mln shares traded
    ** Analysts' average rating on GPPL is "hold", same as that
on peer Container Corporation of India  CCRI.NS  
    ** Median PT is 187.5 rupees - LSEG
    ** YTD, stock up 34%, CCRI flat
    

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))