Hold Wockhardt, target Rs 250: KRChoksey

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Hold Wockhardt, target Rs 250: KRChoksey

KRChoksey Research has recommended a hold rating on Wockhardt, with price target of Rs 250. At the CMP of Rs 142, the stock is trading at 4.02x FY07 EPS of Rs 35.3 and 4.01x FY08E EPS of Rs 35.4.

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KRChoksey Research has recommended a hold rating on Wockhardt , with price target of Rs 250, in its report dated October 22, 2008. "At the CMP of Rs 142, the stock is trading at 4.02x FY07 EPS of Rs 35.3 and 4.01x FY08E EPS of Rs 35.4. We maintain our HOLD recommendation with a target price of Rs 250, implying an upside potential of 76%. At the target price, the stock would be valued at 7.06x FY08E EPS of Rs 35.4," says KRChoksey's research report.

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