India's Wockhardt continues its upward rally, hits near 8-yr high

Wockhardt

03/07/2024 08:25

** Shares of pharma and biotech co Wockhardt  WCKH.NS  rise
as much as 12% to 943 rupees, highest since August 5, 2016
    ** Stock on track for an eleventh consecutive session of
gain, if trends hold
    ** On Monday, WCKH's shares rose an exchange-allowed maximum
of 20% after its antibiotic drug Zaynich successfully treated a
cancer patient in the U.S.
    ** Share price above 50-day, 100-day and 200-day exponential
moving averages since June 19
    ** Trading vol 2.9x 30-day daily avg    
    ** Stock rose 17.2% in June quarter, its third straight
quarterly rise
    ** Stock last up 6.7%, pushing YTD gains to 111.5%




 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))