Mercator obtained 2.34 % at Rs 37 after Mercator Energy Pte (MEPL), a step-down foreign wing of the company included in carrying on the business of oil and gas and included services, entered into an agreement to acquire a facility of $55 million.
The scrip has increased 13.08% over the past 1 month till June 05, compared with Sensex’s increase of 10.72 per cent.
On the BSE, 4.05 lakh stocks have been traded on the counter so far as towards average daily volumes of 5.40 lakh stocks in the past one quarter.
The share opened at Rs 37.30 & strikes a higher of Rs 37.80 & a low of Rs 36.55.
For now, Mercator reported a consolidated net profit of Rs 2.10 cr in four quarter March 2014 as against a net loss of Rs 165.20 cr in Q4 March 2013.
The Mercator team has diversified business interests in coal, oil & gas, commodity transportation & dredging.
EPC World News Bureau
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