Wockhardt may test Rs 500: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Wockhardt is now completing its correction and is willing to bounce back. So a target of Rs 500 in the short-term is visible and that is quite good. It is very newsdriven. Wockhardt would be a buying opportunity with a target between Rs 480 and Rs 500."

At 12:21 hrs Wockhardt was quoting at Rs 425.55, up Rs 18.25, or 4.48 percent. It has touched an intraday high of Rs 432.60 and an intraday low of Rs 409.20.

The share touched its 52-week high Rs 2,166.05 and 52-week low Rs 336.60 on 12 March, 2013 and 16 December, 2013, respectively. Currently, it is trading 80.35 percent below its 52-week high and 26.43 percent above its 52-week low. Market capitalisation stands at Rs 4,670.46 crore.