Mar 26, 2013, 11.22 AM | Source: Reuters
Shares in Wockhardt gain 1.5 percent to 1,936.70 rupees after Bank of America-Merrill Lynch initiates coverage on the stock with a "buy" rating and a target price of Rs 2,565.
BofA-Merrill says the stock will benefit from a "likely" exit from a debt restructuring process, improved cash flows that could allow Wockhardt to turn debt-free by fiscal 2015, a recovery in domestic growth, and "consistent" earnings surprises.
Wockhardt stock price
On May 04, 2016, Wockhardt closed at Rs 971.05, down Rs 23.65, or 2.38 percent. The 52-week high of the share was Rs 1748.20 and the 52-week low was Rs 706.35.
The company's trailing 12-month (TTM) EPS was at Rs 1.09 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 890.87. The latest book value of the company is Rs 96.98 per share. At current value, the price-to-book value of the company is 10.01.
In an interview with CNBC-TV18, market analyst SP
VK Sharma of HDFC Securities recommends buying Woc
Rajat Bose of rajatkbose.com is of the view that W
Manas Jaiswal of manasjaiswal.com is of the view t
Gaurav Bissa of LKP Securities recommends going lo
Ashwani Gujral of ashwanigujral.com is of the view
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