Gujarat Pipavav Port Ltd sees 5.83% stock gain, outperforms sector and Sensex

Gujarat Pipavav Port Ltd, a midcap company in the port industry, has seen a positive trend in its stock performance on June 24, 2024. The stock gained 5.83% on this day, closing at Rs 213.05. MarketsMOJO, a leading stock analysis and recommendation platform, has given a 'Hold' call for the stock.

The stock is currently trading close to its 52-week high of Rs 225.2, with a difference of only 4.31%. It has also outperformed the sector by 6.64% on the day. This is the third consecutive day of gains for Gujarat Pipavav Port, with a total increase of 8% in this period. The stock touched an intraday high of Rs 215.9, showing a 5.34% increase.

In terms of moving averages, Gujarat Pipavav Port is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance. Additionally, the stock has a high dividend yield of 3.42% at the current price.

Comparing the performance of Gujarat Pipavav Port with the Sensex, the stock has outperformed the index by 5.95% in the last 1 day and 6.21% in the last 1 month. This shows a strong performance by the company in the recent period.

Overall, Gujarat Pipavav Port Ltd has shown a positive trend in its stock performance, with a 'Hold' call from MarketsMOJO. Investors can keep an eye on this midcap company in the port industry for potential growth opportunities.