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Wockhardt Plunges 4%; BSE HEALTHCARE Index Down 0.4%
Thu, 29 Aug 10:52

Wockhardt Plunges 4%; BSE HEALTHCARE Index Down 0.4%Image source: Sefa Ozel/www.istockphoto.com

Wockhardt share price has plunged 4% and is presently trading at Rs 1,005.9.

Meanwhile, the BSE HEALTHCARE index is at 42,578.0 (down 0.4%).

Among the top losers in the BSE HEALTHCARE index today are ALEMBIC PHARMA (down 2.8%) and SUN PHARMA ADV. RES. (down 1.8%).

AJANTA PHARMA (up 2.9%) and ERIS LIFESCIENCES (up 2.5%) are among the top gainers today.

Over the last one year, Wockhardt has moved up from Rs 230.0 to Rs 1,005.9, registering a gain of Rs 775.9 (up 337.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,859.6 to 42,578.0, registering a gain of 52.8% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were GRANULES INDIA (up 136.4%), Glenmark Pharma (up 122.3%) and SUVEN PHARMACEUTICALS (up 108.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,007.9 (up 0.3%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 2.6%) and Bajaj Finserv (up 2.3%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 25,098.7 (up 0.2%). Bajaj Finance and Bajaj Finserv are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,996.6 to 82,007.9, registering a gain of 17,011.3 points (up 26.2%).

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 -43.8.


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