MERCATOR LINES is a premier carrier in India. There is always some movement in the company which keep the interest of the investor alive in the stock. recently get registered in Panama, got a new carrier and one is still in the pipeline, always posted good results quarter by quarter, appointment of new director for full 3 terms all of which keeps the counter alive with activity.
Technically the stock is not on good grounds at the movement. But who knows it may pull out an odd from here too. There seems to be a strong selling pressure around 100-102 region. Might fall from there. Or may try to consolidate. October-Decmber quarter is very important. If one is lucky this stock can be picked in late sptember at around 87-90.the target above 102 is still not clear.
regards
RAVI T