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Wockhardt Gains 9%; BSE HEALTHCARE Index Up 0.7%
Wed, 3 Jul 11:37

Wockhardt Gains 9%; BSE HEALTHCARE Index Up 0.7%Image source: asbe/www.istockphoto.com

Wockhardt share price has zoomed 9% and is presently trading at Rs 922.1.

Meanwhile, the BSE HEALTHCARE index is at 37,403.6 (up 0.7%).

Among the top gainers in the BSE HEALTHCARE index today are SUN PHARMA ADV. RES. (up 2.8%) and FORTIS HEALTHCARE (up 2.7%).

ALEMBIC PHARMA (down 2.0%) and AARTI DRUGS (down 1.7%) are among the top losers today.

Over the last one year, Wockhardt has moved up from Rs 237.5 to Rs 922.1, registering a gain of Rs 684.6 (up 288.3%).

On the other hand, the BSE HEALTHCARE index has moved up from 25,627.6 to 37,403.6, registering a gain of 46.0% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Glenmark Pharma (up 90.7%), Cadila Healthcare (up 90.1%) and GSK Pharma (up 87.5%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 79,874.1 (up 0.5%).

The top gainers among the BSE Sensex today are HDFC Bank (up 3.1%) and Axis Bank (up 1.9%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,265.5 (up 0.6%). HDFC Bank and Tata Consumer Products are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 79,874.1, registering a gain of 14,669.0 points (up 22.5%).

Wockhardt Financial Update...

Wockhardt net profit grew 25.3% YoY to Rs -1,770 million for the quarter ended March 2024, compared to a loss of Rs 2,370 million a year ago. Net sales rose 3.2% to Rs 7,000 million during the period as against Rs 6,780 million in January-March 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 -30.0.

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