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Mercator gains after fund buying

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Mercator rose 1.98% to Rs 49 at 12:33 on after Government of and Monetary Authority of purchased bulk shares of the company on the yesterday, 13 October 2016.

Meanwhile, the S&P Sensex was up 39.13 points or 0.14% at 27,682.24.

On BSE, so far 5.98 lakh shares were traded in the counter as against average daily volume of 6.52 lakh shares in the past one quarter. The stock hit a high of Rs 50.30 and a low of Rs 49 so far during the day. The stock had hit a 52-week high of Rs 54.55 on 6 September 2016. The stock had hit a 52-week low of Rs 15.90 on 12 February 2016. The stock had outperformed the market over the past one month till 13 October 2016, advancing 2.13% compared with 2.51% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 25.95% as against Sensex's 0.62% fall.

The small-cap company has equity capital of Rs 24.49 crore. Face value per share is Rs 1.

Government of bought 73.55 lakh shares at an average price of Rs 46.55 per share in a bulk deal on the yesterday, 13 October 2016. Monetary Authority of purchased 26.44 lakh shares at Rs 46.55 a piece. Albula Investment Fund was the seller in these deals offloading a total of 1 crore shares at Rs 46.55 per share.

On a consolidated basis, Mercator reported net profit of Rs 16.61 crore in Q1 June 2016 compared with net loss of Rs 35.40 crore in Q1 June 2015. Net sales declined 18.7% to Rs 584.17 crore in Q1 June 2016 over Q1 June 2015.

Mercator group has business interests in coal, oil & gas, shipping and dredging.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Mercator gains after fund buying

Mercator rose 1.98% to Rs 49 at 12:33 IST on BSE after Government of Singapore and Monetary Authority of Singapore purchased bulk shares of the company on the NSE yesterday, 13 October 2016.

Mercator rose 1.98% to Rs 49 at 12:33 on after Government of and Monetary Authority of purchased bulk shares of the company on the yesterday, 13 October 2016.

Meanwhile, the S&P Sensex was up 39.13 points or 0.14% at 27,682.24.

On BSE, so far 5.98 lakh shares were traded in the counter as against average daily volume of 6.52 lakh shares in the past one quarter. The stock hit a high of Rs 50.30 and a low of Rs 49 so far during the day. The stock had hit a 52-week high of Rs 54.55 on 6 September 2016. The stock had hit a 52-week low of Rs 15.90 on 12 February 2016. The stock had outperformed the market over the past one month till 13 October 2016, advancing 2.13% compared with 2.51% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 25.95% as against Sensex's 0.62% fall.

The small-cap company has equity capital of Rs 24.49 crore. Face value per share is Rs 1.

Government of bought 73.55 lakh shares at an average price of Rs 46.55 per share in a bulk deal on the yesterday, 13 October 2016. Monetary Authority of purchased 26.44 lakh shares at Rs 46.55 a piece. Albula Investment Fund was the seller in these deals offloading a total of 1 crore shares at Rs 46.55 per share.

On a consolidated basis, Mercator reported net profit of Rs 16.61 crore in Q1 June 2016 compared with net loss of Rs 35.40 crore in Q1 June 2015. Net sales declined 18.7% to Rs 584.17 crore in Q1 June 2016 over Q1 June 2015.

Mercator group has business interests in coal, oil & gas, shipping and dredging.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Mercator gains after fund buying

Mercator rose 1.98% to Rs 49 at 12:33 on after Government of and Monetary Authority of purchased bulk shares of the company on the yesterday, 13 October 2016.

Meanwhile, the S&P Sensex was up 39.13 points or 0.14% at 27,682.24.

On BSE, so far 5.98 lakh shares were traded in the counter as against average daily volume of 6.52 lakh shares in the past one quarter. The stock hit a high of Rs 50.30 and a low of Rs 49 so far during the day. The stock had hit a 52-week high of Rs 54.55 on 6 September 2016. The stock had hit a 52-week low of Rs 15.90 on 12 February 2016. The stock had outperformed the market over the past one month till 13 October 2016, advancing 2.13% compared with 2.51% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 25.95% as against Sensex's 0.62% fall.

The small-cap company has equity capital of Rs 24.49 crore. Face value per share is Rs 1.

Government of bought 73.55 lakh shares at an average price of Rs 46.55 per share in a bulk deal on the yesterday, 13 October 2016. Monetary Authority of purchased 26.44 lakh shares at Rs 46.55 a piece. Albula Investment Fund was the seller in these deals offloading a total of 1 crore shares at Rs 46.55 per share.

On a consolidated basis, Mercator reported net profit of Rs 16.61 crore in Q1 June 2016 compared with net loss of Rs 35.40 crore in Q1 June 2015. Net sales declined 18.7% to Rs 584.17 crore in Q1 June 2016 over Q1 June 2015.

Mercator group has business interests in coal, oil & gas, shipping and dredging.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22