Buy Wockhardt, target Rs 760: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Wockhardt Ltd. with a target price of Rs 760. The current market price of Wockhardt Ltd. is Rs 729. 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 714.

Wockhardt Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 8064.96 Crore) operating in Pharmaceuticals and health care sector.

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 31-03-2018, the company has reported a Consolidated sales of Rs 1018.26 Crore, up 1.29 % from last quarter Sales of Rs 1005.30 Crore and up 17.92 % from last year same quarter Sales of Rs 863.53 Crore Company has reported net profit after tax of Rs -152.91 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 31-03-2018, the company has a total of 110,630,453 shares outstanding.