Wockhardt at new high after healthy Q2 results

Up 3% after Q2 consolidated net profit surged over three-fold to Rs 453.55 crore

Wockhardt is trading higher by almost 3% at Rs 1,750 after reporting that its consolidated net profit surged over three-fold to Rs 453.55 crore for the second quarter ended September 30, 2012. Net profit came in at Rs 127.58 crore during the corresponding period of previous fiscal.

Net sales of the company rose to Rs 1,347.44 crore during Q2 compared to Rs 1,045.63 crore during the same period of 2011-12 fiscal.

The stock opened at Rs 1,785 and has seen 11,791 shares changing hands on the BSE counter in the opening trades.