Buy Wockhardt, target Rs 695: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Wockhardt Ltd. with a target price of Rs 695. The current market price of Wockhardt Ltd. is Rs 664.95 Time period given by the analyst is Intra Day when Wockhardt Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 649. Wockhardt Ltd., incorporated in 1999, is a midcap company with a market cap of Rs 7357.77 crore.

Wockhardt Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 2146.00 Crore to Sales Value (93.40 % of Total Sales), Licence Fees which contributed Rs 114.41 Crore to Sales Value (4.97 % of Total Sales), Sale of services which contributed Rs 37.11 Crore to Sales Value (1.61 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 1007.71 Crore, down -1.04 % from last quarter Sales of Rs 1018.26 Crore and up 13.09 % from last year same quarter Sales of Rs 891.06 Crore Company has reported net profit after tax of Rs -95.06 Crore in latest quarter. The company’s top management includes Dr.Habil Khorakiwala, Dr.Huzaifa Khorakiwala, Dr.Murtaza Khorakiwala, Dr.Sanjaya Baru, Mr.Aman Mehta, Mr.Baldev Raj Arora, Mr.D S Brar, Mr.Shekhar Datta, Mr.Vinesh Kumar Jairath, Mrs.Tasneem Mehta, Ms.Zahabiya Khorakiwala. Company has Haribhakti & Co. LLP as its auditoRs As on 30-06-2018, the company has a total of 110,638,653 shares outstanding.