IiAS said the proposed related party transaction with KHIPL was intended for borrowing of funds for an amount up to Rs 1,600 crore for a period of two years renewable by mutual consent, subject to ratification by members at least once in every five years, IiAS said.

Wockhardt shareholders reject proposal to raise Rs 1,600 crore from promotor

Lupin launches generic COPD treatment in US; Criisl upgrades Aditya Vision’s rating; Aurobindo gets USFDA nod for HIV drug; Govt to sell part of IRFC stake; Antfin transfers 10.3% stake in One97 to Sharma; PFC gets first full-time women CMD; Nava Ltd suffers accidental damage; Wockhardt shareholder…

Stocks that will see action today: August 17, 2023

ITC Ltd, Vodafone Idea Ltd, Indiabulls Housing Finance, KNR Constructions Ltd, AstraZeneca Pharma India, Wockhardt Ltd and Saksoft Ltd are among a handful of companies that will announce their quarterly results today.

Gift Nifty signals a tepid start: ITC, Vodafone Idea Q1 results; stocks in F&O ban; TVS Supply IPO & more

ITC Ltd, Vodafone Idea Ltd, Indiabulls Housing Finance, KNR Constructions Ltd, AstraZeneca Pharma India, Wockhardt Ltd, Saksoft Ltd and Uflex are among a handful of companies that will announce their quarterly results today.

Stocks in news: ITC, Adani Ports, Tata Steel, Nykaa, Vodafone Idea, HDFC Bank & CarTrade

Drugmaker Wockhardt alleges wrongful invocation of pledge by Guardian Finance on 2 million shares without loan disbursement or notice of default. Promoters seek clarification and recovery of shares, contemplating complaint to regulatory authorities for breach. Wockhardt confident of shares being res…

Wockhardt says Guardian Finance revert ‘wrongfully invoked’ pledged on 20 lakh shares

Khorakiwala-owned Humuza Consultants has pledged its entire 65.46% shares of Wockhardt with private lenders as of March 31, 2023, according to a stock exchange disclosure. The promoter intends to reduce the share pledge to 26% by the end of this fiscal year, the people cited above said.

Wockhardt to reduce debt against share pledge to 26% from 65% now in FY24

Yatendra Kumar is also prohibited from buying, selling, or engaging in any transactions involving Wockhardt.

SEBI Bans Ex-Wockhardt Executive From Securities Market For Six Months - News18

Positive macroeconomic data helped domestic markets, with the Nifty falling just short of all-time high levels. During the week, 26 BSE500 stocks provided double-digit returns, with Brightcom Group leading the way at 27%, followed by Wockhardt with 26%.

Bull run! 26 BSE500 stocks offered double-digit weekly returns to investors

The company took a Rs 85-crore hit in Q4 ended March 31, 2023, on account of issues involved with its US restructuring.

Wockhardt posts net loss of Rs 237 crore in Q4 FY 23

Wockhardt Standalone March 2023 Net Sales at Rs 291.00 crore, down 38.61% Y-o-Y

Stocks that will see action on May 26 include ONGC, BHEL, BEML, HUDCO, Sun Pharma, MOIL, Reliance Industries, Praj Industries, Religare Enterprises, Max India, City Union Bank, Grasim Industries, Wockhardt, Engineers India

Stocks that will see action on May 26, 2023

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Wockhardt Limited manufactures and markets pharmaceutical and bio-pharmaceutical formulations, active pharmaceutical ingredients (APIs) and vaccines.

Wockhardt Ltd