Mercator trades in fine fettle on bourses

Mercator is currently trading at Rs. 38.70, up by 0.45 points or 1.18 % from its previous closing of Rs. 38.25 on the BSE. The scrip opened at Rs. 38.50 and has touched a high and low of Rs. 39.35 and Rs. 38.40 respectively. So far 211237 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 40.00 on 23-May-2014 and a 52 week low of Rs. 9.10 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 40.00 and Rs. 29.00 respectively. The current market cap of the company is Rs. 950.18 crore. The promoters holding in the company stood at 40.22 % while Institutions and Non-Institutions held 16.14 % and 43.64 % respectively. Mercator’s transaction of issue of Foreign Currency Convertible Bonds (FCCB), unsecured, aggregating $16 million on book building basis has been fully subscribed. The allotment has been made on May 23, 2014. 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