Wockhardt leads gainers in 'A' group

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Capital Market
Last Updated : Dec 19 2013 | 11:55 PM IST

Adani Ports & Special Economic Zone, Bharat Forge, Tech Mahindra and Suzlon Energy are among the other gainers.

Pharmaceutical company Wockhardt surged 9.60% to Rs 417.25 after the company said that its Swiss arm will list on the Berne Stock Exchange in Switzerland today, 19 December 2013. The stock topped the gainers in the BSE's 'A' group.

Wockhardt's Swiss arm, Wockhardt Bio AG, had offered 23.48 lakh ordinary shares of Swiss Franc (CHF) 1 each, representing 5% of the post diluted capital, for subscription at a price of CHF 5.05 per ordinary share in its initial public offering (IPO). The announcement was made before trading hours today, 19 December 2013,

Wockhardt Bio AG is the holding company for the pharmaceutical and biotech firm's international operations. Close to 75% of Wockhardt's business comes from outside India and some of the major geographies where it is present include the US, the UK, Ireland and France.

Adani Ports & Special Economic Zone spurted 5.59% to Rs 167.10. The stock was second biggest gainer in 'A' group.

Automotive components maker Bharat Forge galloped 4.27% to Rs 326. The stock was third biggest gainer in 'A' group. The stock hit 52-week high of Rs 327.50 in intraday trade.

IT company Tech Mahindra climbed 3.71% to Rs 1791.60. The stock was fourth biggest gainer in 'A' group. The stock hit 52-week high of Rs 1,795 in intraday trade.

Wind turbines maker Suzlon Energy rose 3.54% to Rs 9.65 after the company announced during trading hours today, 19 December 2013, that its wholly-owned subsidiary has secured two wind turbine contracts totaling 40 megawatts from GDF-SUEZ Futures Energies. The stock was fifth biggest gainer in 'A' group.

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First Published: Dec 19 2013 | 4:22 PM IST

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