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Wockhardt plunges 14% on import alert; Macquarie downgrades

Macquarie has downgraded it to neutral from outperform and reduced target price to Rs 1015 versus Rs 1350 per share. It says Ankleshwar facility receiving under import alert may lead to multiples falling under pressure in the near term. However, it remains bullish on the stock for long term.

first published: Aug 8, 2016 10:09 am

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