Mercator slips after weak Q3 results

Mercator fell 4.32% to Rs 19.95 at 13:20 IST on BSE after consolidated net profit fell 64.04% to Rs 6.17 crore on 25.40% decline in net sales to Rs 708.48 crore in Q3 December 2014 over Q3 December 2013.

The result was announced after trading hours yesterday, 5 February 2015.

Meanwhile, the BSE Sensex was down 49.90 points, or 0.17%, to 28,801.07.

On BSE, so far 2.07 lakh shares were traded in the counter, compared with an average volume of 3.03 lakh shares in the past one quarter.

The stock hit a high of Rs 20.50 and a low of Rs 19.85 so far during the day. The stock hit a 52-week high of Rs 41.40 on 25 June 2014. The stock hit a 52-week low of Rs 16.90 on 28 February 2014.

The stock had underperformed the market over the past one month till 5 February 2015, falling 16.43% compared with 3.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 27.98% as against Sensex's 3.35% rise.

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

Mercator group has diversified business interests in coal, oil & gas, commodity transportation and dredging.

Powered by Capital Market - Live News