Mercator may test Rs 12- 14 levels, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Mercator, where it was Rs 60 plus and where it is now. Before Rs 60 plus it was much higher. So at Rs 17 it's still a short-sell. It's not a good idea to sell stocks that have come to their tens, that's a different issue. But if you were to ask for a trade it would have to on the short side. I strongly think maybe we will see Rs 14, 13 or even 12 on it."
He further added, "When you want to setup a trading list you will never pickup stocks are in their tens and twenties. Lanco would not be put in my list at all. You have to take high value, very liquid stocks and irrespective of the liquidity the value doesn't justify trading in Lanco. You are left with Reliance ."
