India's Wockhardt jumps on restructuring plans

Wockhardt

22/02/2023 04:29

** Shares of Wockhardt Ltd  WCKH.NS  rises as much as 5.7%
to 203.8 rupees, biggest intraday pct gain since Nov. 14, 2022
    ** Stock hits an over one-week high, eyes third straight
session of gains
    ** Pharmaceutical major on Tuesday said restructuring of
business will lead to annual savings of $12 million
    ** Also signed agreement with Serum Institute of India for
vaccine manufacturing at its UK facility
    ** More than 797,000 shares changed hands in early trade vs
30-day avg of 458,264 shares
    ** Stock fell 41.4% in 2022, second straight annual decline
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com; +91 8075473630;))