Wockhardt gains after getting EU GMP certificate for Gujarat facility

Wockhardt gained 4.6% to Rs 704.25 at 9:25 IST on BSE after the company said that competent authority, Berlin, Germany has issued EU GMP certificate to its Gujarat manufacturing facility.

The announcement was made after market hours yesterday, 5 January 2017.

Meanwhile, the BSE Sensex was up 71.88 points, or 0.27%, to 26,950.12.

On the BSE, 45,491 shares were traded in the counter so far, compared with average daily volumes of 1.91 lakh shares in the past one quarter. The stock had hit a high of Rs 707 and a low of Rs 695.85 so far during the day.

Wockhardt said that competent authority, Berlin, Germany has issued EU good manufacturing practices (GMP) certificate confirming that company's manufacturing facility at 138, GIDC Estate, Ankaleshwar, Gujarat, complies with the principles and guidelines of good manufacturing practices. The certificate issued in this regard is valid for 3 years.

On a consolidated basis, net profit of Wockhardt declined 81.6% to Rs 17.02 crore on 13.4% decline in net sales to Rs 1064.69 crore in Q2 September 2016 over Q2 September 2015.

Wockhardt is a research based and technology intensive global pharmaceutical and biotechnology company.

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