Mercator Lines to demerge, list coal mining biz; stock up

Mercator Lines touched an intraday high of Rs 40.50 and an intraday low of Rs 38.30. At 14:02 hrs the share was quoting at Rs 40, up Rs 1.60, or 4.17%.

The company said that, aim to demerge and list coal mining business. They are planning to demerge coal mining business by 2011-end. They will appoint consultants, bankers soon for coal business. There is plan to acquire at least 1 more coal block in Indonesia, quoting DowJones, reports CNBC-TV18.
 
It was trading with volumes of 855,025 shares, compared to its five-day average of 313,385 shares, an increase of 172.84%.
 
In the previous trading session, the share closed up 0.52% or Rs 0.20 at Rs 38.40.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	38.05	40.00	1.95	5.12
5-Days	35.75	40.00	4.25	11.89
7-Days	36.10	40.00	3.90	10.80
15-Days	38.85	40.00	1.15	2.96
1-Month	35.40	40.00	4.60	12.99
3-Month	52.95	40.00	-12.95	-24.46
6-Month	55.40	40.00	-15.40	-27.80
9-Month	46.55	40.00	-6.55	-14.07
1-Year	56.55	40.00	-16.55	-29.27