Buy Mercator Lines for target of Rs 56-59: Nirmal Bang

MUMBAI: Nirmal Bang is of the view that Mercator Lines is showing signs of revival. It has advised traders to buy the stock for target of Rs 56-59.

“Buy and hold Mercator Lines with a stop-loss of Rs 51 from a short term trading perspective. Counter is showing signs of revival after a correction from the top of Rs 57. Immediate target could be at Rs 56 /59,” the report said.