Invest in Wockhardt, says Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “It is right time to invest in Wockhardt. It is out of the news because it is no longer rallying in that same form. It has now come to a strong support level. It is quite possible. All we need is one or two up days in Wockhardt, even minor up days. It is falling day after day. The day it stops falling it becomes a buying opportunity.”

On May 22, Wockhardt closed at Rs 1,644.05, down Rs 39.75, or 2.36 percent. It has touched an intraday high of Rs 1,691.35 and an intraday low of Rs 1,632.95. Disclosure: He does not hold the stock discussed.