Thursday, April 24, 2014

Wockhardt Ltd.:

The current market Price is Rs.660/-. The script is down in the short term due to regulatory issues with USA. Once resolved, the company will emerge stronger in near future as one of the largest Generics Drug Manufacturing company in the world. The market price is expected to go back to the earlier levels of Rs. 1000/- to Rs. 1500/- range in next 6 to 12 months time, giving a discounting of only 10 to 15 times. In the longer term the stock price can climb back to Rs.2000/- or more.

-----------------------------------------------

No comments: