Pritesh Mehta - Senior Technical Analyst at IIFL told CNBC-TV18, "Wockhardt is showing signs of breaking out from a strong supply zone of Rs 850. In last one month on several occasions it attempted to breakout above Rs 850 and sustained above the same but failed to do so and now the same level coincides with the neckline of inverted head and shoulder pattern. If it manages to give a close above Rs 850 then it could lead to a strong upside. So, buy the stock for a target of Rs 920."
At 14:30 hrs Wockhardt was quoting at Rs 857 up Rs 13.40, or 1.59 percent. It has touched an intraday high of Rs 865 and an intraday low of Rs 834.20.
The company's trailing 12-month (TTM) EPS was at Rs 38.12 per share. (Sep, 2014). The stock's price-to-earnings (P/E) ratio was 22.47. The latest book value of the company is Rs 85.16 per share. At current value, the price-to-book value of the company was 10.06. The dividend yield of the company was 1.17 percent.
Disclosure: Analyst might have given these ideas to his clients but has no personal holdings.
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