For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Wockhardt shares tank on US FDA import alert

|

Shares in pharma major tanked in trade following an import alert at the company's plant at Chikalthana. The stock was last trading at Rs 430, down almost 9 per cent in trade.

 

According to news reports the Chikalthana plant of the company contributes a majority to the earnings before interest, depreciation and tax at the company.

 

This is the second plant of the company that has received a US FDA warning following an earlier warning letter to the company's Waluj plant. There is a possibility that the company's earnings are likely to be hit badly following the US FDA import alert on its 2 plants.

GoodReturns.in

Read more about: wockhardt us fda
Story first published: Wednesday, November 27, 2013, 11:11 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X