Wockhardt hits record high after stellar Q1 earnings

Wockhardt jumped 6.07% to Rs 1,071.90 at 12:35 IST on BSE after consolidated net profit jumped 94.87% to Rs 377.97 crore on 35.37% growth in income from operations to Rs 1425.82 crore in Q1 June 2012 over Q1 June 2011.

The company announced the results during trading hours today, 6 August 2012.

Meanwhile, the BSE Sensex was up 219.33 points or 1.28% to 17,417.26.

On BSE, 4.59 lakh shares were traded in the counter as against average daily volume of 2.75 lakh shares over the past one quarter.

The stock hit a high of Rs 1,084.60 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,020 so far during the day. The stock had hit a 52-week low of Rs 251.25 on 6 January 2012.

The large-cap stock had outperformed the market over the past one month till 3 August 2012, surging 8.03% compared with the Sensex's 1.31% fall. The scrip had also outperformed the market in past one quarter, jumping 37.64% as against Sensex's 0.27% rise.

The company has an equity capital of Rs 54.72 crore. Face value per share is Rs 5.

Wockhardt is a high-technology intensive global pharmaceutical and biotechnology company with multi-disciplinary and innovative R&D programmes. It has 3 research centres globally and manufacturing facilities across India, USA, UK and Ireland. The company has a significant presence in USA, Europe and India, with 75% of its global revenues coming from international businesses.

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