India's Wockhardt gains as Q2 loss narrows
** Wockhardt WCKH.NS climbs ~2.5% to 1,210 rupees
** Pharmaceutical co's Q2 consol net loss narrows to 220 mln
rupees ($2.6 mln) from year-ago loss of 770 mln rupees
** Revenue up 7.4%; expenses largely flat
** WCKH was down ~3% ahead of the results
** Stock has nearly tripled in 2024
($1 = 84.3700 Indian rupees)
(Reporting by Nishit Navin)
((nishit.navin@thomsonreuters.com;))
Recent news on Wockhardt
See all newsBrief: Wockhardt Says Customs Authority Imposes 50 Million Rupees Penalty And 100 Million Rupees Redemption Fine On Co
Brief: Wockhardt Limited June-Quarter Consol Net Profit 1.06 Billion Rupees
India's Wockhardt gains after marketing authorization for antibiotic ZAYNICH
Brief: Wockhardt Says Indian Drug Regulator Grants Marketing Authorization To Co's Zaynich
India's Wockhardt hits 7‑month high after swinging to profit in fourth quarter