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Wockhardt Plunges 5%; BSE HEALTHCARE Index Down 0.5%
Mon, 9 Sep 9:31

Wockhardt Plunges 5%; BSE HEALTHCARE Index Down 0.5%Image source: phive2015/www.istockphoto.com

Wockhardt share price has plunged 5% and is presently trading at Rs 983.0.

Meanwhile, the BSE HEALTHCARE index is at 43,252.0 (down 0.5%).

Among the top losers in the BSE HEALTHCARE index today are GRANULES INDIA (down 3.9%) and AJANTA PHARMA (down 2.8%).

ALEMBIC PHARMA (up 4.3%) and HIKAL CHEMIC (up 2.7%) are among the top gainers today.

Over the last one year, Wockhardt has moved up from Rs 244.1 to Rs 983.0, registering a gain of Rs 738.9 (up 302.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,163.1 to 43,252.0, registering a gain of 53.6% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were SUVEN PHARMACEUTICALS (up 139.4%), Glenmark Pharma (up 115.4%) and GRANULES INDIA (up 112.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,069.6 (down 0.1%).

The top losers among the BSE Sensex today are Tata Steel (down 1.5%) and Power Grid Corp. (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,755.7 (down 0.4%). ONGC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,069.6, registering a gain of 15,289.3 points (up 23.2%).

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 -42.8.


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