Executive Director of Wockhardt Ltd Huzaifa Khorakiwala has launched a healthcare angel fund
The stock hit an intra-day high of Rs 723, with a combined 1.6 million shares exchanging hands on the counter on the BSE and NSE
The stock hit a fresh 52-week low of Rs 659, down 4.5% on BSE in early morning trade.
US sales continue to decline, pressuring profit and dampening the Street sentiment
The stock hit a 52-week low of Rs 683 in intra-day trade, down 16% in past seven trading sessions post Q2 results.
In December 2015, Wockhardt received a GMP certificate from the UK health regulator for its Chikalthana plant after an inspection
The stock urged 14% to Rs 959 on the NSE on back of heavy volumes.
Wockhardt on Saturday reported a fall of 82.65 per cent in consolidated net profit to Rs 15.89 crore for the first quarter ended June 30
Company has always believed that R&D is the key to the future, said Wockhardt Chairman and group CEO Habil Khorakiwala
The India business of the company grew a marginal 10 per cent, despite launching 11 new products in the market
The company had posted a net profit after taxes at Rs 91.61 crore in the same period a year ago
The stock tanked 14% to Rs 870 on the BSE in early morning trade.
Ankleshwar plant is the third such facility to face action
The facilities are at Chikalthana and two units at Waluj in Maharashtra
The stock dipped 5% to Rs 988, falling 12% from its early morning high of Rs 1,129 touched on the BSE,
Company said it will utilise the money to re-pay or pre-pay term loan availed by it and for general corporate purposes
New IPR policy unveiled last week aims to simplify and expedite patent application processes
Cost control and tax adjustment help drug maker post better numbers despite 6% fall in overall revenue
The company has raised Rs 36 crore from promoter group company Khorakiwala Holdings and Investments Pvt Ltd