SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Mercator rises on acquiring two more dredgers to its fleet

26 Jun 2015 Evaluate

Mercator is currently trading at Rs. 18.50, up by 0.20 points or 1.09% from its previous closing of Rs. 18.30 on the BSE.

The scrip opened at Rs. 18.40 and has touched a high and low of Rs. 18.55 and Rs. 18.30 respectively. So far 12017 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 1 has touched a 52 week high of Rs. 40.30 on 26-Jun-2014 and a 52 week low of Rs. 14.55 on 03-Jun-2015.

Last one week high and low of the scrip stood at Rs. 19.90 and Rs. 16.55 respectively. The current market cap of the company is Rs. 448.15 crore.

The promoters holding in the company stood at 40.22% while Institutions and Non-Institutions held 17.50% and 42.28% respectively.

Mercator, one of India’s largest Marine and Energy group, has expanded its dredging business by adding two more Dredgers to its fleet. The company has taken delivery of two European built dredgers; one is a Trailer Suction Hopper Dredger which would be one of the largest capacity dredgers in India and second a Bucket Ladder Dredger. Both these dredgers would be commissioned around first week of September this year.

With the addition of these two dredgers, Mercator’s fleet has grown to 9 dredgers, making it the second largest dredging company in India. Mercator’s dredger fleet is currently deployed on its long term contracts.

Further, the above acquisition substantially enhances the capacity and capability of Mercator to serve the coastal dredging activities at major and minor ports of India as well as the Indian Navy.


Mercator Share Price

0.84 0.00 (0.00%)
10-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×