INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a buy call on Wockhardt Ltd
with a target price of Rs 695
The current market price of Wockhardt Ltd
is Rs 664.95 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 649
Wockhardt Ltd., incorporated in 1999, is a midcap company with a market cap of Rs 7357.77 crore.
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 30-06-2018, the company has reported a Consolidated sales of Rs 1007.71 Crore, down -1.04 % from last quarter Sales
of Rs 1018.26 Crore and up 13.09 % from last year same quarter Sales of Rs 891.06 Crore Company has reported net profit after tax of Rs
-95.06 Crore in latest quarter
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 30-06-2018, the company has a total of 110,638,653 shares outstanding.
