Mercator Share Price Is Quoting Above 4%

Previously during this month, Mercator declared the closure of bids for its qualified institutional placement (QIP).  In a filing to BSE, the company said that it approved an issue price of Rs 40.75 per share, after giving discount of 4.79 per cent, or Rs 2.05 apiece, on the floor price of Rs 42.80 per share. The company has given confirmation allocation note to allocate 2,50,00,000 equity shares to the QIBs. The QIP was opened for bids on 11^th January.  The floor price was decided on the basis of the pricing formula as prescribed under Regulation 85(1) of the SEBI ICDR Regulations.

Mercator Ltd. was incorporated in the year 1983. It is a Small Cap company which has a market cap of Rs 1099.57 Cr. and operates in the transportation logistics sector.

Mercator Ltd. key Products/Revenue Segments are Demurrage which contributes Rs 291.21 Cr to Sales Value (49.49 per cent of Total Sales), Freight & Demurrage which contributed Rs 291.21 Cr to Sales Value (49.49 per cent of Total Sales), Charter Hire which contributed Rs 265.39 Cr to Sales Value (45.11 per cent of Total Sales) and Cargo Income which contributed Rs 31.71 Cr to Sales Value (5.38 per cent of Total Sales) for the year ending 31^st Mar 2016.

Stock View:

Mercator share price opened at Rs 44.90, up by Rs 1.95 or 4.33% from its previous closing of Rs 45.05 on the NSE. The scrip is trading at Rs. 47 and touched a high and low of Rs 48 and Rs 43.50 respectively. A total of 1,72,99,059 shares are traded on the counter. The current market cap of the company is Rs 1103.24 (Cr). The stock has a face value Rs 1 touched a 52 week high of Rs 54.60 on 06-Sep-2016 and a 52 week low of Rs 16 on 12-Feb-2016.  

Mercator is one of the top 500 performing stocks for this quarter as identified by Dynamic Levels.

Mercator Share Price rose 8% Intraday

Mercator share price rose by more than 8 per cent intraday to reach a high of Rs 43.35.

Mercator Limited (earlier known as Mercator Lines Ltd) is a Mumbai based International organization. As a group, Mercator has entered diversified business interests in Coal, Oil & Gas, Commodity Transportation as well as Dredging.

From its humble beginnings, Mercator has diversified from being only a “Shipping” company to an “Energy focused conglomerate”. The logo of the company appropriately reflects this focus on Energy.

Mercator is one of the top 500 Shares identified by Dynamic research team at the end of every quarter out of 1700 Shares of NSE. The Company has strong fundamentals. By strong Fundamentals Dynamic Levels means Mercator has not made any losses in last 2 quarters, debt equity is less than 2 (not applicable for NBFC and banks) and pledge is less than 25 per cent. These top 500 Shares are safe for investment.

Important Fundamentals:

• Sector- TRANSPORTATION LOGISTICS
• Face Value (Rs.)- 1
• Average Daily Movement [ADM]- 2.24
• Average Volume [20 days]– 15,18,981
• 1 Month Return (%)- (-13.31)
• Consolidated FY 15-16 PE Ratio - 0
• Consolidated Trailing PE Ratio - 0
• Standalone FY 15-16 PE Ratio - 58.58
• Standalone Trailing PE Ratio - 53.75
• Book Value - 34.77
• Market Cap - Rs 988.14 (Cr)
• % of Promoter holding pledged – 36.83

Shareholding Pattern

 

Category Of Shareholder	No. of Shareholder	No. of fully Paid up Equity Shares Held
Promoter & Promoter Group	2	94525120
Public	99222	93262143
Non Promoter-Non Public	0	0
Grand Total	99224	187787263

At the moment Mercator share price is trading at Rs 42.40, up by 5.08 per cent or 2.05 points.Get the important references of historical share price at Mercator share price history. 

Mercator Share Price Shot Up By 6 Per Cent

Mercator share price zoomed 6 per cent on the NSE today. The life time high of Mercator share price stands at Rs. 186.40 (03-Jan-08) on the other hand, the life time low of the stock stands at Rs. 9.00 (07-Aug-13). Mercator made its 52-week high of Rs. 54.60 (06-Sep-16) while it made its 52-week low of Rs. 16.00 (12-Feb-16). 

The scrip opened at Rs. 47.50 from a previous closing of Rs. 47.05. The intraday high of the stock stood at Rs. 50.15 while the intraday low read at Rs. 46.50. The total volume traded on the NSE counter today stood at 24,80,851 shares with a traded value of Rs. 1,199 lac. 

The stock has an ADM or Average Daily Movement of 2.12. Its average volume of 20 days stands at 2567581. The market cap of Mercator amounts to Rs. 1152.22 (Cr) while the book value stands at 34.77. The P/E Ratio of the scrip is recorded to be 62.67. Mercator share price closed trading at Rs.49.70 on the National Stock Exchange (NSE).

Key Financial Ratios:

Sl no.	Name	Ratio
1	Current Ratio (x)	0.8
2	Quick Ratio (x)	0.8
3	Dividend yield (%)	0.21
4	Interest Coverage ratio (x)	-0.21
5	Debt equity ratio (x)	2.47
6	Return on Asset (%)	-18.9
7	Return on Equity (%)	-105

Stock analysis by Dynamic Levels: 

According to the Dynamic Levels stock researchers and market analysts, Mercator stock belongs to the top 500 shares lot for the current quarter. The stock has both strong fundamentals and financials. Dynamic Levels market experts and analysts state that it is a good stock for investing and will give good, decent returns. 

To get more information on the fundamentals and financials of the Mercator stock and to acquire knowledge about its support and resistance levels, kindly visit to Mercator share price history.