Being an amateur stock trader means you get to learn every day, so after my stint with the stock market and share trading, I see that I follow a particular stock based on people’s advice and study about it. So Wockhardt Ltd was something which I been following recently.
This company deals with the pharmaceutical industry providing formulations, vaccines, and pharmaceuticals ingredients. They have a global presence with manufacturing facilities in the Asia Pacific and MENA regions. Wockhardt Ltd also has other subsidiaries like hospitals and schools.
It was found by Dr. Habil Khorakiwala in the 1960s in Mumbai. At first, I thought it is an international company which has an Indian branch. But a quick look on the internet made me realize it is an Indian company with an international name.
Wockhardt Ltd is an unpredictable stock, similar to a girlfriend like you don’t know why it is getting high and low in the share market. But it is a good stock to trade and make some good returns. You can see a price variation with regular intervals so you can buy when it is low and sell when it is high. And this high low happens in a short interval like a very unstable stock.
The promoter is holding more than 70%, which is a good sign. EPS and Industry PE value is also in a good range. It was a dividend-paying company till 2016, after that I don’t see a data. Since this was for trading I left this condition. I could see the companies cash flow kept increasing from the operations, which means good business maybe they also manufacture COVID-19 vaccines. The fundamental seems to be good, so if you are looking to trade some stock Wockhardt pharma can be added to your stock list.
Since it has low and high trends, Wockhardt share price target keeps on fluctuating, so suggesting a target price is a little difficult for me, but you can follow the chart and get an average price to buy the share. And be specific with your rate of returns, I usually sell if I see more than 8% of returns, like that was the advice which I got from the regular traders. Since the stock is fluctuating I keep the investment minimum.
Disclaimer: As an amateur stock trader I am writing my experience in the share market, kindly read it for information than taking it as a strong recommendation.
