Wockhardt rises 5% on nod to export up to 100 mn doses of Sputnik vaccines

Stocks

The share touched a 52-week high of Rs 804.50 and a 52-week low of Rs 379.80 on 26 May 2021 and 27 January 2022, respectively.

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//$ .each(d.ac,function(i,v) //{ // accStr+=”+v.nm+”; //}); $ .each(d.data,function(i,v) { if(v.flg == ‘0’) { var modalContent = ‘Scheme added to your portfolio.’; var modalStatus = ‘success’; //if error, use ‘error’ $ (‘.mc-modal-content’).text(modalContent); $ (‘.mc-modal-wrap’).css(‘display’,’flex’); $ (‘.mc-modal’).addClass(modalStatus); //$ (‘#acc_sel_port’).html(accStr); //$ (‘#mcpcp_addportfolio .form_field, .form_btn’).removeClass(‘disabled’); //$ (‘#mcpcp_addportfolio .form_field input, .form_field select, .form_btn input’).attr(‘disabled’, false); // //if(call_pg == “2”) //{ // adtxt =’ Scheme added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //else //{ // adtxt =’ Stock added to your portfolio We recommend you add transactional details to evaluate your investment better. x‘; //} //$ (‘#mcpcp_addprof_info’).css(‘background-color’,’#eeffc8′); //$ (‘#mcpcp_addprof_info’).html(adtxt); //$ (‘#mcpcp_addprof_info’).show(); 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Wockhardt share price rose 5 percent intraday to Rs 408.10 on February 8 after the company received DCGI (Drugs Controller General of India) nod to export up to 100 mn doses of Sputnik vaccines.

Wockhardt has received permission to export up to 80 million doses of Sputnik Light and up to 20 million doses of Sputnik V Component I vaccine, the company said in its release.

This comes after Wockhardt’s bulk vaccine and fill-finish facilities at Waluj and Shendra, Aurangabad were inspected and approved.

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Wockhardt has entered into an agreement with Russian Direct Investment Fund and Enso Healthcare to manufacture and supply Sputnik V and Sputnik Light vaccines against COVID-19 based on a technology transfer from Gamaleya National Research Institute of Epidemiology and Microbiology.

At 09:30 hrs Wockhardt was quoting at Rs 401.95, up Rs 13.90 or 3.58 percent on the BSE.

The share touched a 52-week high of Rs 804.50 and a 52-week low of Rs 379.80 on 26 May, 2021 and 27 January, 2022, respectively.

Currently, it is trading 50.04 percent below its 52-week high and 5.83 percent above its 52-week low.