Wockhardt Ltd Shares Surge Nearly 9% for Third Consecutive Day
Wockhardt Ltd spurts 8.93%, rises for third straight session
Business Standard
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Wockhardt Ltd's stock price has increased by 8.93%, reaching ₹1552.2 as of midday trading on the National Stock Exchange (NSE). Over the past year, the stock has gained 26.12%, significantly outperforming the NIFTY index, which rose only 1.65% during the same period.
- 01Wockhardt Ltd's stock rose by 8.93% today, marking its third consecutive day of gains.
- 02The stock price reached ₹1552.2, with a 26.12% increase over the past year.
- 03In contrast, the NIFTY index gained only 1.65% in the same timeframe.
- 04The stock saw a trading volume of 138.76 lakh shares, far exceeding its monthly average of 5.99 lakh shares.
- 05The Nifty Pharma index, which includes Wockhardt Ltd, rose 7.53% in the last month.
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Wockhardt Ltd's stock has experienced a notable surge, increasing by 8.93% to ₹1552.2 during midday trading on the National Stock Exchange (NSE). This rise marks the third consecutive day of gains for the pharmaceutical company. Over the past year, Wockhardt's stock has appreciated by 26.12%, significantly outperforming the NIFTY index, which recorded a modest gain of 1.65%. In the last month alone, the stock has risen by 21.85%, while the Nifty Pharma index, of which Wockhardt is a part, increased by 7.53%. Today's trading volume reached 138.76 lakh shares, a stark contrast to the average of 5.99 lakh shares over the last month. As of now, the NIFTY index is down 0.59%, and the Sensex is down 0.54%.
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The rise in Wockhardt's stock price may boost investor confidence in the pharmaceutical sector, potentially leading to increased investments and market activity.
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