Wockpharma Share Price Target
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Share price of Wockhardt jumped over 2% on 01st October 2019 after CARE revises rating to BB+ from BBB-. It revised the ratings of the company due to refinancing risks, regulatory overhang etc, as per a filing to the exchanges.
Wockhardt is an Indian drug maker and has approached to NCLT to recover money that Wockhardt owes it for making and supplying medicines for the drugmaker on a contract. Its payable have been on the rise over the last three years. Company has reported over Rs. 800 crore at March 31st, 2019 ended. Morepen is seeking to recover around 1.55 crore along with interest from Wockhardt.
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Wockhart on 08th November 2019 fall over 6% after Q2 earnings. the pharma firm has reported a net loss of Rs. 94.24 crore for Quarter September ended 2019. Stock opened 3.59% low at Rs 290 and touched a low Rs. 281.50 fell 6.42% intraday compared to its previous low of Rs. 300.80. In the beginning of this year share price has fallen 45-43%. Revenue from operations declined to Rs 802.18 crore compared to Rs 1,125.68 crore in the year-ago period. Total long term outstanding debts as on September 30, 2019, is Rs 2,098 crore vsRs 2,789 crore as on September 30, 2018. Visit this page for updated Wockpharma share price target on Indian stock markets.