Mercator is currently trading at Rs. 34.35, up by 1.35 points or 4.09% from its previous closing of Rs. 33.00 on the BSE.
The scrip opened at Rs. 34.20 and has touched a high and low of Rs. 34.80 and Rs. 33.90 respectively. So far 55,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 55.20 on 24-Apr-2017 and a 52 week low of Rs. 32.20 on 20-Mar-2018.
Last one week high and low of the scrip stood at Rs. 35.00 and Rs. 32.20 respectively. The current market cap of the company is Rs. 1,038.95 crore.
The promoters holding in the company stood at 30.73%, while Institutions and Non-Institutions held 17.53% and 51.47% respectively.
Mercator has entered into a Memorandum of Agreement with Best Oasis, Hong Kong to sell its vessel M. V. Vrinda for a total consideration of $4.25 million. The transaction is expected to be completed by April 6, 2018, subject to necessary approvals. The proceeds of the sale would be used to repay debts of the company.
Mercator is one of India's largest private sector Dredging Company. The group has a presence in varied segments namely shipping, offshore services, oil exploration and production, dredging, coal mining/trading and logistics.
| Company Name | CMP |
|---|---|
| Shipping Corpn. | 305.85 |
| GE Shipping | 1425.30 |
| Dredging Corp | 976.65 |
| Seamec | 1556.00 |
| Shreeji Ship.Global | 377.10 |
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