Wockhardt may touch Rs 720: Jagannadham Thunuguntla

Jagannadham Thunuguntla of SMC Global Securities feels that one should buy Wockhardt.

Thunuguntla told CNBC-Awaaz, "One should buy Wockhardt with a stoploss of Rs 650. This stock is looking very defensive in pharma space. We can see level of Rs 720 in coming trading sessions."
The company touched its 52-week high Rs 741.00 and 52-week low Rs 251.25 on 02 May, 2012 and 06 Jan, 2012, respectively. Currently, it is trading -8.68% below its 52-week high and 169.31% above its 52-week low.