Gujarat Pipavav Port Ltd Shows Significant Trading Activity Amid Market Trends

Gujarat Pipavav Port Ltd (GPPL), a mid-cap player in the transport infrastructure sector, has emerged as one of the most active equities today, with a total traded volume of 20,634,439 shares and a total traded value of approximately Rs 33.03 crore. The stock opened at Rs 150.15 and reached an intraday high of Rs 164, reflecting a notable increase of 10.86% from its previous close of Rs 147.93.
Despite this strong performance, the stock's delivery volume has seen a decline, with a reported 400,000 shares delivered on May 29, marking a decrease of 9.77% compared to the five-day average. GPPL's current price yields a high dividend of 5.2%, indicating a solid return for shareholders.

In terms of moving averages, the stock is currently above the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average. Notably, GPPL has outperformed its sector by 9.84% today, while the broader market, represented by the Sensex, has seen a decline of 0.30%. Overall, Gujarat Pipavav Port Ltd continues to demonstrate significant activity and resilience in the market.