GPPL

Jan 3 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• HANDLED 177,000 TEUS CONTAINERS IN Q3

Further company coverage: GPPL.NS

(([email protected];;))

Nov 6 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - DIVIDEND OF 4 RUPEES PER SHARE

• GUJARAT PIPAVAV PORT SEPT-QUARTER CONSOL NET PROFIT 754.9 MILLION RUPEES

• GUJARAT PIPAVAV PORT SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.27 BILLION RUPEES

Source text: [ID:]

Further company coverage: GPPL.NS

(([email protected];))

Oct 7 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - Q2 CONTAINER TRAINS HANDLED 515 VERSUS 626 YEAR AGO

• GUJARAT PIPAVAV PORT LTD - Q2 CONTAINERS HANDLED ON TRAIN 118,000 TEUS VERSUS 145,000 TEUS YEAR AGO

Source text for Eikon: ID:nNSEbKQwRK

Further company coverage: GPPL.NS

(([email protected];))

Updates with details of the deal, context throughout

BENGALURU, Aug 30 (Reuters) - Adani Ports and Special Economic Zone APSE.NS said on Friday it will buy a majority stake in an offshore support vessel operator for $185 million, expanding its fleet and diversifying beyond port operations.

Astro Offshore, in which Adani Ports will buy an 80% stake, owns a fleet of 26 vessels including barges and workboats, counting miner NMDC NMDC.NS and construction bellwether Larsen and Toubro LART.NS as its customers.

"Astro will add... to our current fleet of 142 tugs and dredgers... (and) the acquisition will also give us access to an impressive roster of tier-1 customers," Adani Ports CEO Ashwani Gupta said in a statement.

The deal comes as India's largest private port operator aims to grow its presence beyond its mainstay port operations to maintain its sector lead against smaller rivals JSW Infrastructure JSWN.NS and Gujarat Pipavav GPPL.NS.

The acquisition is expected to close within a month with no requirement of regulatory approvals, Adani Ports added.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee)

(([email protected]; X: @MukherjeeHritam;))

** Shares of port operator Gujarat Pipavav Port GPPL.NS up 4.7% to 232 rupees in early trading

** Co reports consol Q1 net profit jumps 62% to 1.10 bln rupees ($13.1 mln)

** Rev up 14.5% to 2.46 bln rupees, while expenses fell to 1.27 bln rupees from 1.40 bln rupees

** Stock trading above 50-, 100-, 200- day moving avgs since July 24

** Avg rating of 10 analysts covering is a "Hold" as per LSEG data

** However, the median PT is 182 rupees, a 20% discount to last close

** Stock up 44% YTD

($1 = 83.9300 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Aug 7 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.10 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.46 BILLION RUPEES

Further company coverage: GPPL.NS

(([email protected];))

July 4 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• JUNE-QUARTER CONTAINERS HANDLED AT 165,000 TEUS

Source text for Eikon: ID:nNSE2CXSZd

Further company coverage: GPPL.NS

(([email protected];))

** Shares of India's Gujarat Pipavav Port GPPL.NS down as much as 4% to 199.70 rupees

** Port operator's consol Q4 net profit falls over 32%, hurt by higher exceptional expenses tied to the 2021 cyclone Tauktae and a legal dispute with one of its customers

** Co on an average rated "hold" with median PT 154 rupees - LSEG data

** Day's 1.5% dip trims YTD gains to ~34%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

May 22 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - DIVIDEND 3.7 RUPEES PER SHARE

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL NET PROFIT 658.4 MILLION RUPEES VERSUS PROFIT 973.2 MILLION RUPEES

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.51 BILLION RUPEES VERSUS 2.35 BILLION RUPEES

Source text for Eikon: ID:nNSE1kq1B6

Further company coverage: GPPL.NS

(([email protected];))

April 5 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT - CONTAINERS HANDLED IN Q4 FY24 AT 188,000 TEUS VERSUS 199,000 TEUS YEAR AGO

Source text for Eikon: [ID:]

Further company coverage: GPPL.NS

(([email protected];))

** Shares of Gujarat Pipavav Port GPPL.NS down 1.2% at 159.3 rupees as of 1:25 p.m. IST

** Recent price hike after another qtr of market share loss to Adani Ports and Special Economic Zone APSE.NS raises risk of sustained volume underperformance, Kotak says

** Adds, recent agreement around green hydrogen unlikely to have material impact for now, downgrades co to "reduce"

** GPPL falls as much as 5.12% earlier in the day, marking its sharpest intraday decline since Dec. 20

** GPPL eyeing third consecutive session of losses

** Shares trading 19% higher than the average PT set by 10 analysts covering stock; mean rating equivalent to "buy" - LSEG data

** After four straight annual gains, GPPL up 4% so far this year versus APSE's ~12% climb

(Reporting by Hritam Mukherjee)

(([email protected];))

** Shares of Gujarat Pipavav Port GPPL.NS rise as much as 3.69% to 154.45 rupees on a day

** The tariff hike for EXIM container handling and tranship container augurs well for co, says JM Financial

** The port operator announced tariff revision, effective from Jan. 1, 2024 earlier this month

** Brokerage estimates 2%-3% improvement in blended realisations; raises earnings per share estimates for fiscal 2024-2026 by 1%-6%

** Brokerage hikes PT to 150 rupees from 140 rupees earlier, reiterates "hold" on the stock

** Average rating of 11 analysts tracking GPPL is equivalent to "Buy"; median TP is 135 rupees - LSEG data

** Stock last up 2.3%, bringing YTD gains to 51.37%

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Gujarat Pipavav Port GPPL.NS rises 5.5% to 144.3 rupees, its highest level since May 9, 2018

** Stock has risen 15.7% since Nov. 8, when it reported a 28% jump in Q2 profit

** GPPL sees busiest day in more than a month, with over 11.9 mln shares traded

** Avg rating of 11 analysts covering the stock is "Buy;" their median PT is 135 rupees - LSEG data

** Including session's gains, stock up 44% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of Gujarat Pipavav Port GPPL.NS rise as much as 8.3% to nearly three-week high of 135.5 rupees

** Co, engaged in port networks, said its consol profit jumped 27.9% to 922.8 mln rupees ($11.09 million), while rev from ops rose 11.6%

** Trading vol is 2.3x the 30-day daily avg, tops 5 mln for the first time since Oct. 18

** Avg rating of the 11 analysts on GPPL is "buy" and median PT is 124 rupees - LSEG data

** Stock up 6.7% as of 13:08 p.m. IST, extending YTD gains to ~32%

($1 = 83.2440 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected] ;))

** Shares of Gujarat Pipavav Port GPPL.NS rise as much as 4.28% to 141.35 rupees, hitting highest level since May 16, 2018

** Stock on track for a fourth consecutive session of gain, if trends hold

** Share price above 50-day, 100-day and 200-day exponential moving averages since Aug. 29, suggesting bullish trend

** More than 4.8 mln shares change hands by 12:42 p.m. IST, 2.3x the 30-day avg

** Avg rating of 14 analysts close to equivalent of "buy", median PT is 120.50 rupees - LSEG data

** Stock last up 3.1%, bumping YTD gains to about 38.9%

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

Aug 9 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• INDIA'S GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL NET PROFIT 678.3 MILLION RUPEES VERSUS PROFIT 593.4 MILLION RUPEES

• GUJARAT PIPAVAV PORT JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.15 BILLION RUPEES VERSUS 2.07 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: GPPL.NS

(([email protected];))

** Shares of Gujarat Pipavav Port Ltd GPPL.NS rise as much as 2.93% to 122.80 rupees

** Co on Monday reported a 6.4% YoY rise in its handling of container cargo volume to 199,000 twenty-foot equivalent unit (TEUs) for Q1 FY24 vs 187,000 TEUs a year ago

** Share price above 50-day, 100-day and 200-day exponential moving averages since June 26, suggesting bullish trend

** More than 1.3 mln shares change hands by 2:31 p.m. IST, 0.8x 30-day avg

** Avg rating of 14 analysts close to equivalent of "buy", median PT is 116 rupees - Refinitiv data

** Including session's gain, stock up 20.9% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

July 10 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - Q1 FY 24 CONTAINERS HANDLED 199000 TEUS VERSUS 187000 TEUS YEAR AGO

Source text for Eikon: ID:nNSENhbpQ

Further company coverage: GPPL.NS

(([email protected];))

** Shares of India's Gujarat Pipavav Port GPPL.NS jump as much as 5.65% to 123.50 rupees, highest since June 15, 2021

** Co posts steepest intraday climb since April 28; stock on track for third straight session of gains

** Co shares trading above 50-day and 100-day simple moving averages, indicating bullish trend

** More than 2 mln shares change hands by 09:56 A.M. IST, 1.7x 30-day avg

** Eleven out of 14 analysts rate the stock "buy" or higher, 2 suggest "hold" while 1 recommends "sell"; median TP 116 rupees - Refinitiv data

** Stock has risen ~22% YTD, as of last close

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

June 19 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - OPERATIONS AT PIPAVAV PORT HAVE RESUMED SINCE EARLY MORNING HOURS ON JUNE 17

Source text for Eikon: ID:nNSE4jBrW1

Further company coverage: GPPL.NS

(([email protected];))

June 12 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - OPERATIONS AT PIPAVAV PORT HAVE BEEN SUSPENDED SINCE LATE EVENING ON SATURDAY 10 JUNE 2023

• GUJARAT PIPAVAV PORT LTD - SUSPENSION DUE TO PREVAILING SEVERE WEATHER CONDITIONS

• GUJARAT PIPAVAV PORT LTD- HAD COMMENCED PORT OPERATIONS ON 7TH JUNE 2023 THROUGH THE COMMISSIONING OF THE DG SETS

Source text for Eikon: [ID:]

Further company coverage: GPPL.NS

(([email protected];))

June 8 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - UPDATE ON PORT OPERATIONS AT PIPAVAV

• GUJARAT PIPAVAV PORT LTD - VESSEL OPERATIONS HAVE COMMENCED ON JUNE 7

• GUJARAT PIPAVAV PORT LTD - RESTORATION WORK OF UPROOTED POWER TRANSMISSION TOWERS OF GUJARAT ELECTRICITY TRANSMISSION CO IS IN PROGRESS

Source text for Eikon: ID:nNSE9MgRft

Further company coverage: GPPL.NS

(([email protected];))

May 30 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT - PORT COMMENCED PARTIAL OPERATIONS THROUGH ITS CAPTIVE POWER PLANT AND DG SETS

Source text for Eikon: ID:nBSE8bpW3X

Further company coverage: GPPL.NS

(([email protected];))

May 24 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• GUJARAT PIPAVAV PORT LTD - DIVIDEND 3.4 RUPEES PER SHARE

• INDIA'S GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL NET PROFIT 973.2 MILLION RUPEES VERSUS 744.3 MILLION RUPEES

• GUJARAT PIPAVAV PORT MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 2.35 BILLION RUPEES VERSUS 2.20 BILLION RUPEES

Further company coverage: GPPL.NS

(([email protected];))

April 21 (Reuters) - Gujarat Pipavav Port Ltd GPPL.NS:

• APPROVED CAPITAL EXPENDITURE FOR SETTING UP NEW LIQUID BERTH AT PIPAVAV PORT

• SETTING UP NEW LIQUID BERTH AT ESTIMATED COST OF ABOUT $90 MILLION

Source text for Eikon: ID:nNSE5X7f5W

Further company coverage: GPPL.NS

(([email protected];;))