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

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%.

March 28, 2011 / 14:11 IST
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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
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days38.0540.001.955.12
5-Days35.7540.004.2511.89
7-Days36.1040.003.9010.80
15-Days38.8540.001.152.96
1-Month35.4040.004.6012.99
3-Month52.9540.00-12.95-24.46
6-Month55.4040.00-15.40-27.80
9-Month46.5540.00-6.55-14.07
1-Year56.5540.00-16.55-29.27
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first published: Mar 28, 2011 02:09 pm

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