Buy Mercator Lines for target of Rs 61-63: Nirmal Bang

MUMBAI: Nirmal Bang is bullish on Mercator Lines and has advised to buy the stock for target of Rs 61-63.

“Buy Mercator Lines with a stop-loss of Rs 53.50. The stock has almost corrected 37% from the high of Rs 77 and there has been a considerable increase in the volumes as well. Immediate target seen at Rs 61/63,” the report said.

Note: Trading idea valid for time-period of 1-5 days.