Mercator Lines Limited has submitted to the Exchange a copy of Minutes of Annual General Meeting of the Company held on September 24, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
This share set to rise above Rs 100 in few days. Baltic index rose from 1970 to 2780 dat is almost 40% and share only rose from 60 to 65. Moreover preference share given to promoter at Rs 104. Also share is trading at very low PE of 4.5 where as even the worse share is trading at PE of above 10 in this market. So there is every reason to be optimistic about this stock. When this stocks movers it normally do 20 to 25 % in 2 or 3 days.
Baltic index rose 50% in 10 days from 1980 level to 2970 level....so expect very very sharp upmove in shipping stocks especially upstream companies like MLL
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