Wockhardt Limited up by 10.72 percent - Traders Corners | Espresso

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Espresso shot of the day – Wockhardt Ltd up by 10.72 percent

April 20, 2021
Espresso shot of the day – Wockhardt Ltd up by 10.72 percent

WOCKHARDT LTD 506.30 (+10.72%)  BSE – INE049B01025 | 20TH APRIL 2021

Wockhardt Ltd. is a global pharmaceutical and biotechnology organisation, providing affordable, high-quality medicines for a healthier world. It is India’s leading research-based global healthcare enterprise with relevance in the fields of Pharmaceuticals, Biotechnology and a chain of advanced Super Speciality Hospitals. Wockhardt Ltd. is a true Indian Multi-National Company with a multi-ethnic workforce of 8600 Wockhardt Ltd. Associates from 21 different nationalities globally. It has 3 research centres and 12 manufacturing plants, with businesses ranging from the manufacture and marketing of Pharmaceutical and Bio-pharmaceutical formulations, Active Pharmaceutical Ingredients (APIs) and Vaccines.

Recent Drivers

  • On 20th April 2021, shares of pharmaceutical companies are in demand as significant resurge in Covid-19 cases across India led to spike in demand for Covid-related drugs.
  • On 29th April 2021, Wockhardt Ltd. got a one-year extension of approval, up to February 24, 2022 for its proposed inhaler and nasal dosage manufacturing unit at the Wockhardt Infrastructure Development SEZ.
  • On 10th February 2021, Wockhart Ltd. said in a regulatory filing that The United Kingdom has extended Covid-19 vaccine deal with India's pharma company Wockhart Ltd. by up to 6 months.
  • Wockhart Ltd. reported net sales at Rs 252.97 crores in December 2020.
(Sources: Business Standards, Moneycontrol, The Hindu Business Line, Live Mint)

Technical Force*

  • S&P BSE 500 month till date gain up by -2.10%
  • 3 months avg. Qty of NSE – 9,19,466
  • Quantity traded 6,62,114 Deliverable quantity 1,29,343 (19.53 %)
  • Stock price has jumped more than 145% from one year low level – 211, 19 May 2020
  • Daily RSI (14) is near overbought territory
  • 52 -week high – 569.80| 52- week low- 211

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1117.70

843.75

695.10

421.15

272.50

-

-

-

Fibonacci Pivot

843.75

682.32

582.58

518.35

421.15

323.95

259.72

159.98

-


Today’s Close

506.30

SMA

BSE

10 DAY

460.08

20 DAY

443.00

50 DAY

473.49

200 DAY

389.62

Some Key Ratios (Source: BSE)

Market Cap: 5,608.44 crores

PE: 9.98

OPM%: -18.79

ROE%: 32.72

Promoters holding : 72.12

Prev. Close: 457.30

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.