Mundra Port and Special Economic Zone rose 3.30% to Rs 524.20 at 13:01 IST after net profit jumped 55.7% to Rs 174.78 crore on a 11% increase in total income to Rs 337.33 crore in Q2 September 2009 over Q2 September 2008.
The result was announced during trading hours today, 30 October 2009.
Meanwhile, the BSE Sensex was up 68.45 points, or 0.43%, to 16121.17.
On BSE, 1.54 lakh shares were traded in the counter as against an average daily volume of 1.97 lakh shares in the past one quarter.
The stock hit a high of Rs 526.90 and a low of Rs 512 so far during the day. The stock had hit a 52-week high of Rs 704.90 on 12 June 2009 and a 52-week low of Rs 250 on 28 November 2008.
The stock had outperformed the market over the past one month till 29 October 2009, sliding 3.58% as compared to the Sensex 4.75% fall. It underperformed the market in past one quarter, falling 6.94% as against 5.79% rise in the Sensex.
The large-cap private port operator has an equity capital of Rs 400.68 crore. Face value per share is Rs 10.
The current price of Rs 524.20 discounts the company's Q1 June 2009 annualised EPS of Rs 17.05, by a PE multiple of 30.74.
Mundra Port and Special Economic Zone is engaged in providing port services for bulk cargo, container cargo, crude oil cargo and value- added port services, including railway services. It also generates income from land related and infrastructure activities.