Wockhardt up 13% after falling 33% in six weeks

The stock moved higher by 13% to Rs 503 on the BSE in intra-day trade on Monday, after hitting four-year low of Rs 437 on Friday.

Shares of Wochardt were moved higher by 13 per cent to Rs 503 on the BSE in intra-day trade on Monday on the back of heavy volumes. The trading volumes on the counter nearly doubled with a combined 2.98 million equity shares changed hands on the BSE and NSE till 03:00 PM.

The stock of drug maker had underperformed the market by falling 33% in past six weeks from Rs 676 on September 14, 2018, after the rating agencies downgraded the long term bank facilities of the drug company. On comparison, the S&P BSE Sensex has shed 12.5 per