Hold Mercator Lines, says Phani Sekhar

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Hold Mercator Lines, says Phani Sekhar

Hold Mercator Lines, says Phani Sekhar, Fund Manager, Angel Broking.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Phani Sekhar See what other Experts & Brokerages are saying about Mercator See messages about Mercator Mercator BSE | NSE 10/02/12 Are Mutual Funds betting on Mercator?

Hold Mercator Lines , says Phani Sekhar , Fund Manager, Angel Broking.

Sekhar told CNBC-TV18, "The investor should clearly hold on to Mercator Lines and buy on declines for a simple reason that apart from the Baltic Dry Index recovering Mercator Lines have exposure to other segments also such as rigs, dredging and coal mining also to a limited extent. The biggest positive in favour of Mercator Lines at this point in time is trading at 0.7 times price to book and on the back of aggressive expansion that it has done in the last three years the fruits of that will be visible over the next two years or so. So, I would clearly advice the investor to stay on in this stock and it can double over the next two years."