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The period of contract is four years (inclusive of charterers options) and the charter will commence from January 2017. The announcement was made during market hours today, 20 December 2016.
Meanwhile, the S&P BSE Sensex was down 91.42 points or 0.35% at 26,283.28
On the BSE, 4.15 lakh shares were traded on the counter so far as against average daily volumes of 4.59 lakh shares in the past one quarter. The stock hit a high of Rs 41 and a low of Rs 38 so far during the day. The stock had hit a 52-week high of Rs 54.55 on 6 September 2016. The stock had hit a 52-week low of Rs 15.90 on 12 February 2016. The stock had outperformed the market over the past 30 days till 19 December 2016, rising 4.39% compared with the 0.86% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 22.98% as against Sensex's 7.53% decline.
The small-cap company has equity capital of Rs 24.49 crore. Face value per share is Re 1.
Mercator reported net loss of Rs 26.47 crore in Q2 September 2016 compared with net profit of Rs 14.57 crore in Q2 September 2015. Net sales declined 19.58% to Rs 133.28 crore in Q2 September 2016 over Q2 September 2015.
Mercator group has business interests in coal, oil & gas, shipping and dredging.
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