Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One cannot actually sell Wockhardt, but I would be bearish on it. The much more important message is don't buy it, this is not a buy on dips opportunity, it is something much worse."
" Wockhardt has been giving us these down circuits repeatedly and that is not good news," Sukhani said.
At 10:29 hrs Wockhardt was quoting at Rs 431.80, down Rs 40.20, or 8.52 percent. It has touched an intraday high of Rs 466.90 and an intraday low of Rs 406.
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 80.07 percent below its 52-week high and 25.47 percent above its 52-week low. Market capitalisation stands at Rs 4,739.05 crore.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
