Mercator Lines soared 9.37% to Rs 115 at 14:51 IST on BSE after its Singapore-based unit bagged a renewed 4-year contract from Tata Power worth $320 million.
Meanwhile, the BSE Sensex was up 186.33 points, or 1.20%, at 15700.80.
On BSE, 29.89 lakh shares were traded in the counter. The scrip had an average daily volume of 17 lakh shares in the past one quarter.
The stock hit a high of Rs 115.50 and a low of Rs 105 so far during the day. The stock had a 52-week high of Rs 184.95 on 3 January 2008 and a 52-week low of Rs 40.80 on 13 June 2007.
The scrip had outperformed the market over the past one month till 4 June 2008, gaining 1.40% compared to the Sensex’s 10.70% decline. It had also outperformed the market in the past one quarter, adding 21.21% compared to Sensex’s 6.21% fall.
India’s second largest private sector shipping company has an equity capital of Rs 23.53 crore. Face value per share is Re 1.
The current price of Rs 115 discounts its Q4 March 2008 annualised EPS of Rs 12.61, by a PE multiple of 9.11.
The net profit of Mercator Lines rose 363.9% to Rs 74.04 crore on a 31% rise in sales to Rs 265.67 crore in Q4 March 2008 over Q4 March 2007.
Mercator Lines provides marine transportation services. The group's areas of operations are tankers and lighterage. The company is a provider of sea borne transportation services, primarily involved in the transportation of crude oil in India and overseas.
Meanwhile, the BSE Sensex was up 186.33 points, or 1.20%, at 15700.80.
On BSE, 29.89 lakh shares were traded in the counter. The scrip had an average daily volume of 17 lakh shares in the past one quarter.
The stock hit a high of Rs 115.50 and a low of Rs 105 so far during the day. The stock had a 52-week high of Rs 184.95 on 3 January 2008 and a 52-week low of Rs 40.80 on 13 June 2007.
The scrip had outperformed the market over the past one month till 4 June 2008, gaining 1.40% compared to the Sensex’s 10.70% decline. It had also outperformed the market in the past one quarter, adding 21.21% compared to Sensex’s 6.21% fall.
India’s second largest private sector shipping company has an equity capital of Rs 23.53 crore. Face value per share is Re 1.
The current price of Rs 115 discounts its Q4 March 2008 annualised EPS of Rs 12.61, by a PE multiple of 9.11.
The net profit of Mercator Lines rose 363.9% to Rs 74.04 crore on a 31% rise in sales to Rs 265.67 crore in Q4 March 2008 over Q4 March 2007.
Mercator Lines provides marine transportation services. The group's areas of operations are tankers and lighterage. The company is a provider of sea borne transportation services, primarily involved in the transportation of crude oil in India and overseas.
0 comments:
Post a Comment