Wockhardt shares jump nearly 10% as Q3 net profit rises

Shares of pharmaceuticals major Wockhardt today surged nearly 10 per cent after the company reported 14.05 per cent increase in consolidated net profit for the quarter ended December 31, 2014.
Wockhardt's scrip soared 8.69 per cent to settle at Rs 1,285.20 on the BSE. In intra-day, it jumped 10.56 per cent to Rs 1,307.40 -- its 52-week high.
At the NSE, the stock zoomed 9.93 per cent to end the session at Rs 1,299.
Led by rally in the stock, the company's market value rose by Rs 1,133.67 crore to Rs 14,144.67 crore.
In terms of volume, 9.51 lakh shares of the company changed hands at the BSE and more than 52 lakh shares were traded at the NSE during the day.

Wockhardt Ltd today reported 14.05 per cent increase in consolidated net profit at Rs 347.25 crore for the third quarter ended December 31, 2014-15.
It had posted net profit of Rs 304.45 crore in the October -December quarter of 2013-14, Wockhardt Ltd said in a filing to the BSE.
Wockhardt's net sales during the quarter under review were at Rs 1,382.05 crore, up 11.78 from Rs 1,236.35 crore in the year-ago period.