Mercator shines on entering into memorandum of agreement to acquire one MR Tanker

06 May 2013

Mercator is currently trading at Rs. 14.51, up by 0.02 points or 0.14% from its previous closing of Rs. 14.49 on the BSE.

The scrip opened at Rs. 14.30 and has touched a high and low of Rs. 14.69 and Rs. 14.30 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 24.00 on 11-Jul-2012 and a 52 week low of Rs. 12.80 on 25-Mar-2013.

Last one week high and low of the scrip stood at Rs. 15.75 and Rs. 14.05 respectively. The current market cap of the company is Rs. 355 crore.

The promoters holding in the company stood at 40.22% while Institutions and Non-Institutions held 15.56% and 44.23% respectively.

Mercator has entered into a memorandum of agreement to acquire one MR Tanker. The 36,000 DWT MR Tanker is expected to join the company’s fleet in Q1 FY 2013-14.

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.

Related Mercator Ltd. Links:

Mercator Share Price

1.20 0.05 (4.35%) May 18, 18:01
1 Year Price Chart
Company Name CMP
Shipping Corpn. 112.15
GE Shipping 400.20
Dredging Corp 392.45
Shreyas Shipping 110.85
Essar Shipping 9.47
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323