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Wockhardt Plunges 5%; BSE HEALTHCARE Index Up 0.2%
Wed, 11 Sep 14:31

Wockhardt Plunges 5%; BSE HEALTHCARE Index Up 0.2%Image source: bluebay2014/www.istockphoto.com

Wockhardt share price has plunged 5% and is presently trading at Rs 995.0.

Meanwhile, the BSE HEALTHCARE index is at 43,911.1 (up 0.2%).

Among the top losers in the BSE HEALTHCARE index today are GRANULES INDIA (down 2.3%) and SUN PHARMA ADV. RES. (down 2.3%).

HIKAL CHEMIC (up 4.5%) and Natco Pharma (up 4.0%) are among the top gainers today.

Over the last one year, Wockhardt has moved up from Rs 253.2 to Rs 995.0, registering a gain of Rs 741.9 (up 293.0%).

On the other hand, the BSE HEALTHCARE index has moved up from 28,436.8 to 43,911.1, registering a gain of 54.4% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were SUVEN PHARMACEUTICALS (up 130.1%), Jubilant Pharmova (up 129.6%) and GRANULES INDIA (up 116.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,606.7 (down 0.4%).

The top losers among the BSE Sensex today are Tata Motors (down 5.8%) and M&M (down 1.6%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,951.1 (down 0.4%). Tata Motors and ONGC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 81,606.7, registering a gain of 14,479.6 points (up 21.6%).

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 -43.4.


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