Buy Wockhardt, target Rs 775: Dr CK Narayan

Buy Wockhardt Ltd. at a price target of Rs 775.0 and a stop loss at Rs 750 from entry point.

Dr CK Narayan of Chart Advise has a buy call on Wockhardt with a target price of Rs 775.

The current market price of Wockhardt is Rs 760.55.

Time period given by the analyst is intraday when Wockhardt price can reach defined target.

Dr CK Narayan recommended to keep a stop loss at Rs 750.

Wockhardt, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 8411.44 Crore) operating in Pharmaceuticals and health care sector.

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.
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Company has Haribhakti & Co. LLP as its auditors.

As on 30-09-2017, the company has a total of 110,563,228 shares outstanding.
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