Hold Mercator Lines support of Rs 90-95: Mohindar

Rahul Mohindar of viratechindia.com is of the view that one can hold Mercator Lines with support of Rs 90-95.

Mohindar told CNBC-TV18, "Mercator is a very good stock to stay in it for the longer-term and this can even be an outperformer. Typically Rs 90-95 is a very good support levels for this counter, so I wouldn’t be in a hurry to exit this stock or if I was already holding it. I think the stock is poised for Rs 130-140 in the longer-term, so I would definitely like to stay with it."

He further added, "Neyveli Lignite on the other hand doesn’t look that positive to me. I think really the trend is likely to beget more and more neutral to negative on the counter. I would look at existing the counter even at these levels."  

Disclosure: It is safe to assume that analyst & his clients may have an investment interest in the stocks/sectors discussed.