Buy Wockhardt, target Rs 1659: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Wockhardt looks good, in fact the kind of momentum that it displayed, two stocks I found yesterday displaying real good momentum in the last hour or so, Arvind and Wockhardt. Wockhardt to my mind looks a good buy even at current prices which was yesterday's closing price of Rs 1,628, I would keep my target at Rs 1,659 - that's the first target but I am giving two stretched targets, Rs 1,674 and Rs 1,695 and my stop loss would be below Rs 1,597. If it is wockhardt, your stop loss will be stretched and your target will also be stretched."At 10:00 hrs Wockhardt was quoting at Rs 1,646.15, up Rs 17.40, or 1.07 percent. It has touched an intraday high of Rs 1,654.00 and an intraday low of Rs 1,629.