Stock Analyst Choice

Mercator Lines

India's largest shipping company fights off recession blues to come out winner

Dealing in crude oil marine transportation, not only has this shipping company been able to fight off the blues affecting the industry, it has been able to increase profits by 8.86 per cent to over Rs 180 crore, thereby  pushing its earning per share (EPS) up to Rs 7.68. Currently, it is the country’s second-largest shipping company  with operations in India and Singapore.

This article was originally published on June 19, 2009.


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