Ashu Madan, National Head, Religare is of the view that Mercator Lines is a good long-term play.
Madan told CNBC-TV18, "Numbers of Mercator Lines are good but somehow I feel that they were quite factored in. This was also one of the momentum packs, which were playing along with many other stocks pre-correction. So it was quite volatile but it corrected a lot so numbers are favourable but immediate effect I think it is already factored into the price. If you feel that immediate spike from post these numbers something will happen drastically I do not think so but definitely it will take time but a good long-term play at every dip."
Disclosure: Analyst does not have personal holdings in the stocks discussed, but may have recommended these to clients.
Share Price Movement During The Last 12 Months
Period
Price
Latest Price
Gain/Loss (Rs.)
% Gain/Loss
3-Days
96.90
107.10
10.20
10.53
5-Days
103.95
107.10
3.15
3.03
7-Days
107.20
107.10
-0.10
-0.09
15-Days
95.50
107.10
11.60
12.15
1-Month
82.80
107.10
24.30
29.35
3-Month
91.00
107.10
16.10
17.69
6-Month
139.10
107.10
-32.00
-23.01
9-Month
57.10
107.10
50.00
87.57
1-Year
44.15
107.10
62.95
142.58
Currently -42.09% below the 52-week high of 184.95
