Wockhardt may rise by 12-15%, says Rahul Mohindar

Dec 17, 2013, 02.23 PM IST

Rahul Mohindar of viratechindia.com is of the view that Wockhardt may rise by 12-15 percent in the next one month.

Tags  Rahul Mohindar, Shasun Pharmaceuticals, viratechindia.com, Wockhardt

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Wockhardt may rise by 12-15%, says Rahul Mohindar

Rahul Mohindar of viratechindia.com is of the view that Wockhardt may rise by 12-15 percent in the next one month.

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Wockhardt may rise by 12-15%, says Rahul Mohindar

Rahul Mohindar of viratechindia.com is of the view that Wockhardt may rise by 12-15 percent in the next one month.

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Rahul Mohindar of viratechindia.com told CNBC-TV18, "In  Wockhardt there is a lot of volume that has suddenly come in. It is not just now, over the last two or three weeks we are definitely seeing some spike. On the upside I believe that one shouldn't be surprised to see a 12-15 percent kind of move in the next month or so. So, Wockhardt could definitely be a surprise factor. I know things have not changed in the long-term but given what has happened to the price erosion there could be a strong come back move."

" Shasun Pharmaceuticals may find good support at Rs 74. Probably around there one might see the stock pick up. So, I would wait for those levels to start getting in but keeping a stoploss at Rs 70 would be very essential on this stock," he said.

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