1. One can straightaway buy this shipping stock which is available at throwaway price. Sea is the route which will be most harnessed and stock has seen a high of Rs 185 prior to global melt down.
2. Mercator lines is likely to have a stable business by virtue of its long term strategy where it has 70 percent of its fleet commited with long term charter rates. It is going to be extremely benefitted as 50% of 57 blocks under NELP VII are being considered as offshore based.
3. Moreover it is getting a rig in 2009 which will help it to get approx $100,000 per day. Company has reported a 46% increase in profit and income has shown an increase of 83%. One can read further about this Indian Stock Market Tiphere and can make money in the short term. As a disclosure I am owning this stock as my personal investment.
2. Mercator lines is likely to have a stable business by virtue of its long term strategy where it has 70 percent of its fleet commited with long term charter rates. It is going to be extremely benefitted as 50% of 57 blocks under NELP VII are being considered as offshore based.
3. Moreover it is getting a rig in 2009 which will help it to get approx $100,000 per day. Company has reported a 46% increase in profit and income has shown an increase of 83%. One can read further about this Indian Stock Market Tiphere and can make money in the short term. As a disclosure I am owning this stock as my personal investment.
