Wockhardt snaps five-day rising streak

Wockhardt declined 3.94% to Rs 311.85 on profit booking after a recent rally.

Shares of Wockhardt jumped 39.06% in the past five trading sessions to settle at Rs 324.65 yesterday, 12 September 2019, from its close of Rs 233.45 on 4 September 2019.

On BSE, 1.97 lakh shares were traded in Wockhardt counter, compared to a 2-week average of 2.07 lakh shares. The stock hit an intraday high of Rs 323.25 and an intraday low of Rs 305.80.

It hit a 52-week high of Rs 691.30 on 17 September 2018 and a 52-week low of Rs 231.50 on 4 September 2019.

 

On a consolidated basis, Wockhardt reported a net loss of Rs 44.98 crore in Q1 June 2019 compared with net loss of Rs 95.06 crore in Q1 June 2018. Net sales fell 14.3% to Rs 863.11 crore in Q1 June 2019 over Q1 June 2018.

Wockhardt is a pharmaceutical and biotechnology company. The company's businesses include manufacture and marketing of pharmaceutical and bio-pharmaceutical formulations, active pharmaceutical ingredients (APIs) and vaccines.

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