Wockhardt hits all-time high, up 5% on strong Q2 numbers

Shares of healthcare firm Wockhardt touched an all-time high of Rs 1,784.90 on Thursday, rising as much as 5 percent following strong second quarter numbers. Consolidated net profit surged 255 percent year-on-year to Rs 453.5 crore in the July-September quarter of current financial year.

Consolidated net sales rose by 29 percent YoY to Rs 1,347.4 crore during the same quarter. The company has earned a forex gain of Rs 36.8 crore in the second quarter as against loss of Rs 43 crore in a year ago period.

At 09:55 hours IST, the stock climbed 3 percent to Rs 1,750. Market capitalisation of the company currently stands at Rs 19,151.28 crore.

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