Hold Mercator Lines; target Rs 67: Rahul Mohindar

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Hold Mercator Lines; target Rs 67: Rahul Mohindar

Rahul Mohindar of Viratechindia is of the view that Mercator Lines can touch Rs 67 in the short term. One should keep a stoploss of Rs 51.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » ALSO READ See previous views by Rahul Mohindar See what other Experts & Brokerages are saying about Mercator See messages about Mercator

Rahul Mohindar of Viratechindia is of the view that Mercator Lines can touch Rs 67 in the short term. One should keep a stoploss of Rs 51.

Mohindar told CNBC-TV18, " Taking a slightly bigger perspective Rs 44 has come in as a very good support for this stock, it held that level and moved up from the right price and I still think there is some good headroom, short term maybe we can head to levels like Rs 67; I would advice the investor to certainly hold on, Rs 51 is the stop loss and I think the momentum is fairly likely to continue especially keeping in mind the backdrop that it kind of moved from that longer term support.