Wockhardt Ltd: Buy

CMP: Rs.609.15

I have Not been a fan of pharmaceutical sector since the last few years, however I feel this stock is ready for upmove after the Q1FY19 results.

Wockhardt Ltd reported narrowing of its consolidated net loss to Rs.86 crore for the quarter ended June. The company had registered a loss of Rs 410 crore in the same period a year ago.  Its Consolidated Sales revenue increased by 13.13% to Rs.1,008 crore during the reported quarter from Rs.891 crore in the corresponding period of 2017-18. 

Buy the stock at the CMP of Rs.609.15 for short term targets of Rs.722/781; SL: Rs.560. This is a special stock recommendation for the ardent blog readers. This stock has NOT been recommended to the Premium Group Members. 

Note: I will be recommending a Small Cap Short Term Momentum Counter to the Premium Group members tomorrow, to be bought on Monday morning; apart from regular updates on the earlier recommended counters.

If you want to know the name, then you should either trade through my associated brokerage house or subscribe to my Yearly/Life Time Premium Services. Now Highly Discounted Life Time Subscription Offer is going on, which you can avail of... You can reach me at: suman2005s@rediffmail.com or sumanm2007s@gmail.com.