Buy Wockhardt, target Rs 780: Kunal Bothra
Buy Wockhardt at a price target of Rs 780 and a stop loss at Rs 700 from entry point.
By ETMarkets.com |
Independent analyst Kunal Bothra has a buy call on Wockhardt with a target price of Rs 780.
The current market price of Wockhardt is Rs 723.80.
Time period given by the analyst is intraday when Wockhardt price can reach defined target.
Kunal Bothra recommended to keep a stop loss at Rs 700.
Wockhardt, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 8,002.57 Crore) operating in Pharmaceuticals and health care sector.
Wockhardt key Products/Revenue Segments include Pharmaceuticals which contributed Rs 2,146 Crore to Sales Value (93.40 per cent of Total Sales), Licence Fees which contributed Rs 114.41 Crore to Sales Value (4.97 per cent of Total Sales), Sale of services which contributed Rs 37.11 Crore to Sales Value (1.61 per cent of Total Sales)for the year ending 31-Mar-2017.
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 30-09-2017, the company has a total of 110,563,228 shares outstanding.
The current market price of Wockhardt is Rs 723.80.
Time period given by the analyst is intraday when Wockhardt price can reach defined target.
Kunal Bothra recommended to keep a stop loss at Rs 700.
Wockhardt, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 8,002.57 Crore) operating in Pharmaceuticals and health care sector.
Wockhardt key Products/Revenue Segments include Pharmaceuticals which contributed Rs 2,146 Crore to Sales Value (93.40 per cent of Total Sales), Licence Fees which contributed Rs 114.41 Crore to Sales Value (4.97 per cent of Total Sales), Sale of services which contributed Rs 37.11 Crore to Sales Value (1.61 per cent of Total Sales)for the year ending 31-Mar-2017.
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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 30-09-2017, the company has a total of 110,563,228 shares outstanding.
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