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.
| 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.. | |
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