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Wockhardt has soared nearly 18% to Rs 546 in early morning deals after the promoters purchased equity shares worth Rs 10 crore from the open market.
The stock opened at Rs 489 and hit a low of Rs 488 so far on BSE. A combined 802,708 shares have already changed hands on the counter till 0935 hours, as against an average of less than 700,000 shares that were traded daily in past two weeks on BSE and NSE.
Khorakiwala Holdings & Investments Pvt Ltd has acquired 211,094 equity shares representing 0.20% stake of the pharmaceutical company via market purchase in past trading sessions, data suggests.
Khorakiwala Holdings & Investments Pvt Ltd bought 50,000 shares each on August 30, September 2 and September 3, while purchased 61,094 shares on September 4, through open market purchase, according to information filed by the company with the stock exchanges.
The promoter has acquired these shares for total consideration of Rs 9.66 crore, data shows. Post acquisition, the holding in Wockhardt has increased to 64.08% from 63.88% earlier.
The stock opened at Rs 489 and hit a low of Rs 488 so far on BSE. A combined 802,708 shares have already changed hands on the counter till 0935 hours, as against an average of less than 700,000 shares that were traded daily in past two weeks on BSE and NSE.
Khorakiwala Holdings & Investments Pvt Ltd has acquired 211,094 equity shares representing 0.20% stake of the pharmaceutical company via market purchase in past trading sessions, data suggests.
Khorakiwala Holdings & Investments Pvt Ltd bought 50,000 shares each on August 30, September 2 and September 3, while purchased 61,094 shares on September 4, through open market purchase, according to information filed by the company with the stock exchanges.
The promoter has acquired these shares for total consideration of Rs 9.66 crore, data shows. Post acquisition, the holding in Wockhardt has increased to 64.08% from 63.88% earlier.
