Buy Wockhardt around Rs 800-820 for long term: Tater

Aashish Tater, Head of Research of Fortunewizard.com told CNBC-TV18, "We had recommended a pure exit at around Rs 1,700 odd level in Wockhardt. Over next six months we feel the stock will be hovering Rs 800 on the downside and Rs 1,050 on upside, but we are still bullish from the long-term perspective for this particular stock where we feel the stock will again go and stabilize around that level."

"Right now the entire rating and valuation thing is under review and we are waiting for at least this quarter before taking a fresh call on this particular stock. We do not see much of an upside at least for next 3-6 months on this particular stock vis-à-vis even not much of a downside. Rs 800-820 is the worst case we see for this particular stock where again the long term investors with longer term view will definitely be buying the stock," Tater said. Also Read: UK regulator issues import alert on Wockhardt's Waluj plant