SP Tulsian of sptulsian.com told CNBC-TV18, "I will go with Wockhardt, not with one-year view but with two years view. If you take a two-year view we can again see the stock coming in four digits. In 2014, I am expecting it to touch may be between Rs 750-800, but in 18-24 months we are going to see the price of Rs 1000."
He further added, "The fundamentals are all intact. What you have is a USFDA problem and they are all in terms of the management operation of the plants. I don’t think that there is any kind of structural negative observations having found out."
"If you really see the credibility of the promoters, the kind of experience they have they are committed to their company that is what they have brought back in this company. It was ruling at Rs 75 in 2007 and it moved to a level of Rs 2200. I see the same kind of things coming back. Keep a two years horizon and take a price of Rs 1000 plus," Tulsian said.
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