Wockhardt soars 41% in five days

Wockhardt surged 13.75% to Rs 331.35, extending recent gains on fresh buying support.

Shares of Wockhardt soared 41.93% in five trading sessions to its current market price of Rs 331.35, from a recent closing low of Rs 233.45 on 4 September 2019.

The counter witnessed volume of 9.73 lakh shares on the BSE, a 13.78 times surge over two-week average daily volume of 71,000 shares. The stock hit an intraday high of Rs 343.50 and an intraday low of Rs 298.05.

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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