Wockhardt tanks over 10% on import alert from US FDA for Ankleshwar plant

The stock tanked 14% to Rs 870 on the BSE in early morning trade.

Wockhardt has tanked 14% to Rs 870 on the BSE in early morning trade on reports that the US Food and Drugs Administration (FDA) has issued an import alert on the company’s Ankleshwar facility for alleged violation of good manufacturing practices. LINK

At 09:25 am, the stock was down 11% at Rs 903 on the BSE, as compared to 0.46% rise in the S&P BSE Sensex. A combined 1.41 million shares changed hands in first 10 minutes of trading on the BSE and NSE.