Mercator has soared to 13% to Rs 23.80, also its 52-week high on the BSE, after the company said it has acquired one 1992 built very large gas carrier (VLGC). The company did not disclose the price at which it was bought.
According to media report, the company has purchased the ship from financially stressed Varun Shipping Company.
The stock opened at Rs 21.50 and has seen over four-fold jump trading volumes. Till 1305 hours, a combined 2.46 million shares already changed hands on the counter on the BSE and NSE.
According to media report, the company has purchased the ship from financially stressed Varun Shipping Company.
The stock opened at Rs 21.50 and has seen over four-fold jump trading volumes. Till 1305 hours, a combined 2.46 million shares already changed hands on the counter on the BSE and NSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%