Sell Wockhardt, target Rs 705: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Wockhardt with a target price of Rs 705.

The current market price of Wockhardt is Rs 726.50.

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

Manas Jaiswal recommended to keep a stop loss at Rs 741.


Wockhardt, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 8,213.47 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.

Company has Haribhakti & Co. LLP as its auditors.

As on 31-12-2017, the company has a total of 110,596,828 shares outstanding.