Hold Mercator Lines support of Rs 90-95: Mohindar

Excerpts from Closing Bell on CNBC-TV18 Watch the full show » RELATED NEWS Mercator Lines expects $ 320mn revenue from Tata, stk up ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about Mercator See messages about Mercator Mercator Lines BSE | NSE 10/02/12 Are Mutual Funds betting on Mercator Lines? Other Stocks in this news Neyveli Lignite Corporation |

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."  

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