Bonus, stock-split news bolster Wockhardt
DALAL STREET SPIKES
| The company is expected to take the final decision in the next board meeting scheduled on February 14, market sources said. |
| The company will also announce its third quarter results on the same day. The scrip as a result was extremely volatile, finally closing at Rs 766.35, gaining 3.2 per cent from its previous close of Rs 741.90. |
| According to a pharma analyst, the bonus announcement could be liberal considering the higher book value the company possesses. Among pharma stocks, Wockhardt has witnessed a good rally over the past few months. |
| The stock has appreciated from a low of Rs 375.15 on July 25, 2003, to today's 52-week high of Rs 810. More than 65 thousand shares were traded at the counter at the BSE. |