Hold Mercator Lines, says Sukhani

Hold Mercator Lines, says Technical Analyst, Sudarshan Sukhani.

Sukhani told CNBC-TV18, "Mercator Lines is a pure momentum driven stock. I would not sort of try to justify with fundamentals but it is a favourite of speculators. The charts are saying that higher levels are likely. I am looking at Rs 80-85 as a price target, so certainly the idea is to hold on and see how much better can this get, but it is not a long term play.”