Mercator gained 2.34% at Rs 37 after Mercator Energy Pte (MEPL), a step-down foreign wing of the company involved in carrying on the business of oil & gas and integrated services, entered into an agreement to avail a facility of $55 million.
The scrip has surged 13.08% over the past one month till June 05, compared with Sensex’s rise of 10.72%.
On the Bombay Stock Exchange, 4.05 lakh shares have been traded on the counter so far as against average daily volumes of 5.40 lakh shares in the past one quarter.
The stock opened at Rs 37.30 and hit a high of Rs 37.80 and a low of Rs 36.55.
Meanwhile, Mercator reported a consolidated net profit of Rs 2.10 crore in Q4 March 2014 as against a net loss of Rs 165.20 crore in Q4 March 2013.
The Mercator group has diversified business interests in coal, oil & gas, commodity transportation and dredging.
