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Mercator gains on securing two new orders worth Rs 210 crore from Paradip Port Trust

29 Jan 2013 Evaluate

Mercator is currently trading at Rs. 19.95, up by 0.20 points or 1.01% from its previous closing of Rs. 19.75 on the BSE.

The scrip opened at Rs. 20.85 and has touched a high and low of Rs. 20.85 and Rs. 19.95 respectively. So far 1, 62,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 33.80 on 22-Feb-2012 and a 52 week low of Rs. 16.10 on 01-Jun-2012.

Last one week high and low of the scrip stood at Rs. 20.50 and Rs. 19.30 respectively. The current market cap of the company is Rs. 488 crore.

The promoters holding in the company stood at 40.22% while Institutions and Non-Institutions held 15.58% and 44.21% respectively.

Mercator has secured two new orders from Paradip Port Trust for maintenance dredging of the approach and extended approach channel to be executed over a period of 3 years aggregating to Rs 210 crore approximately.

Mercator is the second-largest private sector shipping company on a consolidated basis in India, in terms of tonnage capacity. 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. 305.85
GE Shipping 1425.30
Dredging Corp 976.65
Seamec 1556.00
Shreeji Ship.Global 377.10
View more..

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