Meanwhile, the S&P BSE Sensex was down 65.17 points or 0.23% at 28,041.04.

On BSE, so far 7.96 lakh shares were traded in the counter as against average daily volume of 6.04 lakh shares in the past one quarter. The stock hit a high of Rs 46.85 and a low of Rs 45.15 so far during the day. The stock had hit a 52-week low of Rs 15.90 on 12 February 2016. The stock had hit a 52-week high of Rs 54.55 on 6 September 2016. The stock had hit a The stock had underperformed the market over the past one month till 6 October 2016, sliding 10.41% compared with 3.01% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 19.42% as against Sensex's 3.46% rise.

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

Promoter entity Atul Jitendra Agarwal sold 54.60 lakh shares at Rs 46.31 per share in a bulk deal on the NSE yesterday, 6 October 2016. Government Of Singapore Corp Pvt Ltd A/C Govt Of Singapore C bought 60.85 lakh shares at Rs 46.05 per share. Monetary Authority of Singapore purchased 21.88 lakh shares at Rs 46.05 per share.

Atul Jitendra Agarwal held 2.23% stake in Mercator as per the shareholding pattern as on 30 June 2016.

On a consolidated basis, Mercator reported net profit of Rs 16.61 crore in Q1 June 2016 compared with net loss of Rs 35.40 crore in Q1 June 2015. Net sales declined 18.7% to Rs 584.17 crore in Q1 June 2016 over Q1 June 2015.

Mercator group has business interests in coal, oil & gas, shipping and dredging.