Bengaluru, Sept. 25 -- The shares of India's first private sector port are in focus after securing a key contract from Oil and Natural Gas Corporation (ONGC) for providing port services. In this article, we will dive more into the details.

With a market capitalization of Rs 7,455 crore, the shares of Gujarat Pipavav Port Ltd made a day's high of Rs 157.80 per share, up 3 percent from its previous day's closing price of Rs 153.25 per share. Over the past five years, the stock has delivered a poor return of 84 percent, underperforming NIFTY 50's return of 127 percent.

About the Contract Gujarat Pipavav Port Limited (GPPL) has been informed by ONGC about the acceptance of a contract which provides for the use of the port and storage facili...