Avoid Wockhardt, advises Nitin Jain

Nitin Jain of Edelweiss Securities told CNBC-TV18, "As far as Wockhardt is concerned, it is an avoid for most of us because of the overhang in terms of regulatory that we see on stocks like that and just do not know how the cookie will crumble, so, one should rather avoid those stocks right now."

At 13:12 hrs Wockhardt was quoting at Rs 499.30, down Rs 26.25, or 4.99 percent. It has touched an intraday high of Rs 499.30 and an intraday low of Rs 499.30.

The share touched its 52-week high Rs 2,166.05 and 52-week low Rs 344.15 on 12 March, 2013 and 08 August, 2013, respectively. Currently, it is trading 76.95 percent below its 52-week high and 45.08 percent above its 52-week low. Market capitalisation stands at Rs 5,471.50 crore.