Wockhardt Shares Gain on Unit Merger Plan

Shares in Wockhardt Ltd rose as much as 3.2 per cent to their highest in 14 months.

Traders cited Wockhardt's plans to merge two units with itself. The proposed consolidation will boost revenues and is good in the long term, traders said.

Wockhardt Ltd was trading up 1.34 per cent at Rs 854.50 as of 10.33 a.m. on BSE.

Copyright: Thomson Reuters 2014