Wockhardt is currently trading at Rs. 965.75, up by 16.65 points or 1.75% from its previous closing of Rs. 949.10 on the BSE.
The scrip opened at Rs. 974.00 and has touched a high and low of Rs. 974.00 and Rs. 963.00 respectively. So far 24,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 978.00 on 24-Jul-2012 and a 52 week low of Rs. 251.25 on 06-Jan-2012.
Last one week high and low of the scrip stood at Rs. 978.00 and Rs. 900.00 respectively. The current market cap of the company is Rs. 10,568.00 crore.
The promoters holding in the company stood at 73.64% while Institutions and Non-Institutions held 8.86% and 17.32% respectively.
Wockhardt has concluded the divestment of Nutrition Business to Danone on July 26, 2012 for a consideration of Rs 1,280 crore, including its wholly owned subsidiary.
Last year in August, Wockhardt had agreed to sell its nutrition business to French food multinational Danone for more than double the amount at which it had signed a similar deal with US pharmaceutical giant Abbott a year ago. Under the current agreement, Danone would acquire Wockhardt's nutrition business and brands such as Farex, Dexolac, Nusobee and Protinex as well as related industrial operations from Carol Info Service, located in Punjab, to enter the baby nutrition and medical nutrition markets in India.
Wockhardt is one of the few companies with end to end integrated capabilities for its products, starting with the manufacture of the oral and sterile API’s , the dose forms and marketing through wholly owned subsidiary in the US, enabling the company to capture maximum value.
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