Wockhardt shares bounce back; up 1.5%

Shares of drug firm Wockhardt's today bounced back, wiping all its initial losses and ended the day with 1.5 per cent gains on value-buying in-line with a strong broader market sentiment.
The stock ended at Rs 950.60, up 1.49 per cent after earlier falling 3.27 per cent to Rs 906 during the day on BSE.
At NSE, it ended 1.35 per cent up at Rs 950.20. Intra-day, it gained 2.6 per cent to Rs 961.95.
Wockhardt on Friday reported a 25.88 per cent rise in consolidated net profit to Rs 42.90 crore for the quarter ended March 31.
The company had posted a net profit of Rs 34.08 crore for the corresponding period of the previous fiscal, Wockhardt had said in a BSE filing.

Consolidated net sales, however, stood at Rs 1,013.36 crore for the quarter under review as against Rs 1,079.14 crore a year ago.

For the full fiscal, the consolidated net profit declined to Rs 325.66 crore as against Rs 404.91 crore for the previous fiscal.
Consolidated net sales stood at Rs 4,461.43 crore for the just-concluded fiscal. It was Rs 4,481.54 crore in the year-ago period.
Meanwhile, in the broader market, Sensex ended 460.36 points higher at 25,688.86.