India's Wockhardt rises most in nearly 3 yrs on multiple block deals
** Shares of pharma and biotechnology co Wockhardt WCKH.NS
up as much as 20% at 336.95 rupees, their biggest intraday gain
since Nov. 20, 2020
** WCKH at highest level since Feb. 24, 2022
** Over 2.6 mln shares change hands in 8 separate block
deals as of 02:23 p.m. IST, at a price between 312-337 rupees
apiece - LSEG data
** Nearly 30 mln shares traded by 2:25 p.m. IST, 15.6x the
30-day moving average
** Stock up ~47% YTD
(Reporting by Kashish Tandon)
((kashish.tandon@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