/ Mercator Bags Time Charter Contract Of 4 Years Worth Rs 120 Crore Stock Jumps 3.02% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 20 December 2016

Mercator Ltd, one of the Company's vessels has secured a time charter contract of total value of about Rs 120 crore. The period of contract is 4 years (inclusive of Charterers options) and the Charter will commence from January, 2017.

Mercator Ltd is currently trading at Rs 39.2, up by Rs 1.15 or 3.02% from its previous closing of Rs 38.05 on the BSE. The scrip opened at Rs 38 and has touched a high and low of Rs 41 and Rs 38 respectively. So far 2320975(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 931.84 crore.

The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 54.55 on 06-Sep-2016 and a 52 week low of Rs 15.9 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 40.45 and Rs 38 respectively. The promoters holding in the company stood at 40.55 % while Institutions and Non-Institutions held 15.17 % and 44.29 % respectively. The stock is currently trading below its 100 DMA.

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