Buy Wockhardt 1650 Call, advises VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "I will continue to buy Wockhardt 1,650 Call around Rs 50. I will wait for a dip for taking into the next settlement and should it come to Rs 50 I would buy with a stop loss at Rs 35 and preBudget to a target of around Rs 85."

At 11:19 hrs Wockhardt was quoting at Rs 1,560.35, down Rs 44.70, or 2.78 percent. It has touched a 52-week high of Rs 1,618.15.