Sell Wockhardt, target Rs 382: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Wockhardt Ltd. with a target price of Rs 382. The current market price of Wockhardt Ltd. is Rs 387.75. Time period given by the analyst is Intra Day when Wockhardt Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 399. Wockhardt Ltd., incorporated in 1999, has a market cap of Rs 4291.86 crore.

Wockhardt Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 2034.35 Crore to Sales Value (82.11 % of Total Sales), Other Goods which contributed Rs 358.49 Crore to Sales Value (14.47 % of Total Sales), Sale of services which contributed Rs 62.24 Crore to Sales Value (2.51 % of Total Sales) and Licence Fees which contributed Rs 22.21 Crore to Sales Value (0.89 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 979.13 Crore, down -6.38 % from last quarter Sales of Rs 1045.86 Crore and down -3.84 % from last year same quarter Sales of Rs 1018.26 Crore Company has reported net profit after tax of Rs -13.90 Crore in latest quarter. The company’s top management includes Dr.Habil Khorakiwala, Dr.Huzaifa Khorakiwala, Dr.Murtaza Khorakiwala, Mr.Aman Mehta, Mr.Baldev Raj Arora, Mr.D S Brar, Mr.Sanjaya Baru, Mr.Vinesh Kumar Jairath, Mrs.Tasneem Mehta, Ms.Zahabiya Khorakiwala. Company has Haribhakti & Co. LLP as its auditoRs As on 31-03-2019, the company has a total of 110,686,203 shares outstanding.