Wockhardt is trading higher by 4% to Rs 429 after reporting a consolidated net profit of Rs 128 crore for the second quarter ended September 30, 2011, as against a net loss of Rs 97 crore in a year ago quarter. Net sales grew 18% to Rs 1,111 crore on year-on-year basis.
“Wockhardt USA reported a sales growth of 49% while India business grew by 14% in the second quarter this fiscal, capturing a market share of 2.03% as compared to 1.94% last year," it said in a filing to the stock exchanges.
The stock opened at Rs 421 and hit a high of Rs 430 on the National Stock Exchange. A combined 74,499 shares have changed hands on the counter till 0948 hours.
