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Wockhardt Plunges 5%; BSE HEALTHCARE Index Down 0.8%
Thu, 7 Nov 14:28

Wockhardt Plunges 5%; BSE HEALTHCARE Index Down 0.8%Image source: KanawatTH/www.istockphoto.com

Wockhardt share price has plunged 5% and is presently trading at Rs 1,206.5.

Meanwhile, the BSE HEALTHCARE index is at 44,112.3 (down 0.8%).

Among the top losers in the BSE HEALTHCARE index today are Glenmark Pharma (down 6.9%) and FDC (down 5.1%).

APOLLO HOSPITALS (up 6.5%) and CAPLIN POINT (up 2.9%) are among the top gainers today.

Over the last one year, Wockhardt has moved up from Rs 233.5 to Rs 1,206.5, registering a gain of Rs 973.0 (up 416.7%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,089.2 to 44,112.3, registering a gain of 57.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 218.3%), SUVEN PHARMACEUTICALS (up 124.9%) and Glenmark Pharma (up 118.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,532.8 (down 1.1%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.6%) and Tata Motors (down 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,188.8 (down 1.2%). Hindalco and Trent are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,532.8, registering a gain of 14,574.2 points (up 22.4%).

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 -52.6.


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