SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Mercator advances on emerging as lowest bidder for contracts worth Rs 16 crore

27 Jul 2018 Evaluate

Mercator is currently trading at Rs. 20.15, up by 0.25 points or 1.26% from its previous closing of Rs. 19.90 on the BSE.

The scrip opened at Rs. 20.15 and has touched a high and low of Rs. 20.15 and Rs. 20.00 respectively. So far 4150 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 49.00 on 01-Nov-2017 and a 52 week low of Rs. 18.80 on 20-Jul-2018.

Last one week high and low of the scrip stood at Rs. 21.20 and Rs. 19.45 respectively. The current market cap of the company is Rs. 607.94 crore.

The promoters holding in the company stood at 30.84%, while Institutions and Non-Institutions held 15.48% and 53.67% respectively.

Mercator has emerged as the lowest bidder in its bids for two contracts having an estimated combined contract value of Rs 16 crore. Both the contracts would be executed in FY 2019.

The first contract is for Mormugao Port Trust for maintenance dredging at Mormugao Port areas where the company retains the contract for the straight 5th year in line and another is for Gujarat Maritime Board for maintenance dredging at Porbandar Port areas.

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.

Mercator Share Price

0.84 0.00 (0.00%)
10-Mar-2023 18:02 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 299.80
GE Shipping 1420.95
Dredging Corp 1005.45
Seamec 1558.95
Shreeji Ship.Global 373.25
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:

×