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Bonus, stock-split news bolster Wockhardt

DALAL STREET SPIKES

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Our Markets Bureau Mumbai
Last Updated : Feb 28 2013 | 1:54 PM IST
Domestic pharma major Wockhardt touched a 52-week high of Rs 810 in the morning trade on the back of news that the company is considering a bonus as well a stock split shortly.
 
The company is expected to take the final decision in the next board meeting scheduled on February 14, market sources said.
 
The company will also announce its third quarter results on the same day. The scrip as a result was extremely volatile, finally closing at Rs 766.35, gaining 3.2 per cent from its previous close of Rs 741.90.
 
According to a pharma analyst, the bonus announcement could be liberal considering the higher book value the company possesses. Among pharma stocks, Wockhardt has witnessed a good rally over the past few months.
 
The stock has appreciated from a low of Rs 375.15 on July 25, 2003, to today's 52-week high of Rs 810. More than 65 thousand shares were traded at the counter at the BSE.

 
 

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First Published: Feb 07 2004 | 12:00 AM IST

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