Wockhardt spurted 14.83% to Rs 532.10 at 10:22 IST on BSE after circuit filter on the stock was revised from 5% to 20% with effect from today, 6 September 2013.
Meanwhile, the BSE Sensex was up 42.33 points, or 0.22%, to 19,022.09.
On BSE, 2.78 lakh shares were traded in the counter compared with average volume of 2.09 lakh shares in the past one quarter.
The stock hit a high of Rs 546.25 and a low of Rs 488 so far during the day. The stock hit a record high of Rs 2,166.05 on 12 March 2013. The stock hit a 52-week low of Rs 344.15 on 8 August 2013.
The stock had outperformed the market over the past one month till 5 September 2013, rising 15.46% compared with the Sensex's 1.06% decline. The scrip had, however, underperformed the market in past one quarter, sliding 61.31% as against Sensex's 3.01% fall.
The mid-cap company has an equity capital of Rs 54.79 crore. Face value per share is Rs 5.
Wockhardt's promoter group company, Khorakiwala Holdings & Investments, acquired 2.11 lakh equity shares representing 0.20% stake of the pharmaceutical company via market purchase in past trading sessions, data suggests.
Khorakiwala Holdings & Investments bought 50,000 shares each on 30 August, 2 September 2013 and 3 September 2013, while it purchased 61,094 shares on 4 September 2013, through open market purchase, according to information filed by the company with the stock exchanges.
Post acquisition, Khorakiwala Holdings & Investments' holding in Wockhardt has increased to 64.08% from 63.88% earlier.
As on 30 June 2013, Khorakiwala Holdings & Investments held 6.97 crore shares, or 63.62% stake in Wockhardt.
On a consolidated basis, Wockhardt's net profit fell 14.5% to Rs 323.31 crore on 1.3% increase in net sales to Rs 1358.37 crore in Q1 June 2013 over Q1 June 2012.
Wockhardt is a high-technology intensive global pharmaceutical and biotechnology company with multi-disciplinary and innovative R&D programmes. It has three research centres globally and manufacturing facilities across India, USA, UK and Ireland. The company has a significant presence in USA, Europe and India.
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