Wockhardt whacked 10.3% after Q3 net profit drops sharply

The pharma company reported consolidated net profit of Rs.60.97 crore for the quarter ended December 31, 2015, registering decline of 82.44% yoy

Wockhardt plunged 10.3% to Rs.785.10 on BSE. The pharma company reported consolidated net profit of Rs.60.97 crore for the quarter ended December 31, 2015, registering decline of 82.44% yoy and 43.33% qoq. The company’s consolidated revenue stood at Rs. 1,075.77 crore, down 22.16% yoy and 12.66% qoq.

The scrip opened at Rs. 850 and has touched a high and low of Rs. 850 and Rs. 770 respectively. So far 950034(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9673.95 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2000 on 08-Apr-2015 and a 52 week low of Rs. 846.2 on 11-Feb-2016. Last one week high and low of the scrip stood at Rs. 1059.5 and Rs. 846.2 respectively.

The promoters holding in the company stood at 74.19 % while Institutions and Non-Institutions held 11.88 % and 13.8 % respectively.

The stock is currently trading above its 200 DMA.