WOCKHARDT Plunges by 7%; BSE HEALTHCARE Index Down 4.8%
March 19, 2020 09:34 AM

WOCKHARDT share price has plunged 7% and is presently trading at Rs 198.

Meanwhile, the BSE HEALTHCARE Index is at 11,441 (down 4.8%).

Among the top losers in the BSE HEALTHCARE Index today are WOCKHARDT (down 6.6%) and ABBOTT INDIA (down 7.1%).

Over the last one year, WOCKHARDT has moved down from Rs 429 to Rs 198, registering a loss of Rs 231 (down 53.9%)..

The BSE HEALTHCARE has moved down from 14,216 to 11,441, loss of 2,775 points (down 19.5%) during the last 12 months.

The top gainers among the BSE HEALTHCARE Index stocks during this same period were ABBOTT INDIA (up 79.1%), J.B.CHEMICALS (up 50.9%) and IPCA LABS (up 40.3%).

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.8%).

In the meantime, NSE Nifty is at 8,099 (down 6.2%).

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 29.41%).

WOCKHARDT Financial Update...

WOCKHARDT net profit declined 125.0% YoY to Rs 192 million for the quarter ended December 2019, compared to a loss of Rs 769 million a year ago. Net Sales declined 16.9% to Rs 8.7 billion during the period as against Rs 10.5 billion in October-December 2018.

For the year ended March 2018, WOCKHARDT reported 36.6% increase in net profit to Rs 3.1 billion compared to net profit of Rs 2.3 billion during FY17.

Revenue of the company grew 1.9% to Rs 39 billion during FY18.

The current Price to earnings ratio of WOCKHARDT, based on rolling 12 month earnings, stands at down 16.1x.