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Wockhardt Gains 5%; BSE HEALTHCARE Index Up 0.3%
Tue, 15 Oct 9:23

Wockhardt Gains 5%; BSE HEALTHCARE Index Up 0.3%Image source: Chunumunu/www.istockphoto.com

Wockhardt share price has zoomed 5% and is presently trading at Rs 1,096.9.

Meanwhile, the BSE HEALTHCARE index is at 44,760.8 (up 0.3%).

Among the top gainers in the BSE HEALTHCARE index today are FORTIS HEALTHCARE (up 2.1%) and J.B.Chemicals (up 1.8%).

ASTRAZENECA PHARMA (down 1.5%) and SUVEN PHARMACEUTICALS (down 0.9%) are among the top losers today.

Over the last one year, Wockhardt has moved up from Rs 232.3 to Rs 1,096.9, registering a gain of Rs 864.6 (up 372.2%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,152.0 to 44,760.8, registering a gain of 59.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 176.2%), Glenmark Pharma (up 132.7%) and SUVEN PHARMACEUTICALS (up 107.8%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 82,207.1 (up 0.3%).

The top gainers among the BSE Sensex today are Asian Paints (up 1.4%) and Bharti Airtel (up 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Reliance Ind..

In the meantime, NSE Nifty is at 25,198.5 (up 0.3%). Asian Paints and BPCL are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,473.1 to 82,207.1, registering a gain of 15,734.0 points (up 23.7%).

Wockhardt Financial Update...

Wockhardt net profit grew 88.2% YoY to Rs -160 million for the quarter ended June 2024, compared to a loss of Rs 1,360 million a year ago. Net sales rose 14.8% to Rs 7,390 million during the period as against Rs 6,440 million in April-June 2023.

For the year ended March 2024, Wockhardt reported 24.0% increase in net profit to Rs -4,720 million compared to net loss of Rs 6,210 million during FY23. Revenue of the company grew 5.5% to Rs 27,980 million during FY24.

The current Price to earnings ratio of Wockhardt, based on rolling 12 month earnings, stands at -47.8.


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