Wockhardt may hit Rs 1625-1640 in short term: Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "Midcap pharma started this contract with fresh open interest adding up. It was a difficult choice between Aurobindo Pharma and Wockhardt but the reason to choose Wockhardt is that the open interest has increased up by 6 percent. Delivery volumes have started to move up and importantly the stock is now clearly trading above Rs 1,550. So, I would keep a stop loss of Rs 1,525 and I feel that in immediate short-term Rs 1,625-1,640 will be the target."At 10:57 hrs Wockhardt was quoting at Rs 1,575.30, up Rs 12.55, or 0.80 percent. It has touched an intraday high of Rs 1,584.95 and an intraday low of Rs 1,560.