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Wockhardt Ltd, a prominent player in the Indian pharmaceutical and biotechnology landscape, has been at the forefront of developing diverse healthcare products such as antibiotics, vaccines, and biotechnology drugs since its inception in 1960. With a vision centered on innovation, Wockhardt operates across multiple countries, catering to both domestic and international markets, and maintains several research centers focused on delivering advanced treatments for infectious diseases, diabetes, and other critical health issues. As of 5 November 2024, Wockhardt Share Price on the NSE is 1,268.00 INR. In this article, we will delve deeper into Wockhardt’s share price predictions for 2024, 2025, 2026, and the outlook for 2030.
Wockhardt Ltd: Market Overview
| Open Price: ₹1,315.00 | 52-week High: ₹1,318.80 |
| High Price: ₹1,318.80 | 52-week Low: ₹232.40 |
| Low Price: ₹1,263.00 | Market Cap: ₹19.54K Cr |
| Previous Close: ₹1,309.95 | Face Value: ₹5 |
| Volume: 755,307 | Div Yield: N/A |
| Value (Lacs): ₹9,600.71 | P/E Ratio: N/A |
| VWAP: ₹1,288.55 | UC Limit: ₹1,375.40 |
| LC Limit: ₹1,244.45 |
Wockhardt Ltd Competitors
Understanding the competitive landscape is crucial for evaluating Wockhardt Ltd’s position. Below are some significant competitors along with their approximate market capitalizations:
- Sun Pharmaceutical Industries Ltd
- Market Capitalization: Approximately ₹2,60,000 crores
- Dr. Reddy’s Laboratories Ltd
- Market Capitalization: Approximately ₹95,000 crores
- Cipla Ltd
- Market Capitalization: Approximately ₹1,10,000 crores
- Lupin Ltd
- Market Capitalization: Approximately ₹45,000 crores
Wockhardt Share Price Chart
Wockhardt Share Price Targets from 2024 to 2030
| Year | Share Price Target (INR) |
|---|---|
| 2024 | ₹1,320 |
| 2025 | ₹1,545 |
| 2026 | ₹1,760 |
| 2027 | ₹1,972 |
| 2028 | ₹2,138 |
| 2029 | ₹2,355 |
| 2030 | ₹2,544 |
Wockhardt Share Price Target 2024
Wockhardt’s expected share price target for 2024 is ₹1,320. Several factors will likely influence this target:
- Product Approvals and Pipeline Expansion: The company’s growth trajectory will depend significantly on its ability to develop and gain regulatory approvals for new treatments in crucial markets like the U.S. and Europe. Successful product launches can greatly enhance Wockhardt’s market value.
- Focus on Specialty and Biotech Drugs: Expansion into higher-margin biotech and specialty drugs will be pivotal. Advancements in this area can enhance profitability and investor appeal.
- Global Market Conditions: The demand for generic drugs in emerging markets can propel revenue growth, but the global demand dynamics and international compliance will be critical.
Wockhardt Share Price Target 2025
In 2025, Wockhardt’s share price is expected to aim for ₹1,545. However, several risks could hinder this target:
- Regulatory Compliance and Quality Control: The pharmaceutical industry is heavily regulated. Non-compliance or issues in quality control could adversely affect revenue and share prices.
- Intense Competition: Facing high competition, especially in generics, could affect pricing power and profitability margins.
- Dependence on Key Markets: Revenue fluctuations due to exchange rate dynamics or geopolitical issues can disrupt Wockhardt’s earning potential.
Wockhardt Share Price Target 2030
By 2030, the expected share price target for Wockhardt is ₹2,544. However, certain challenges could impact this outlook:
- Rising R&D Costs: Investment in R&D is crucial for innovation, but high costs can impact profit margins.
- Global Regulatory Changes: New regulations could lead to increased compliance costs, hindering profit margins.
- Market Shifts and Patent Expirations: As patents expire, the influx of generic competition could hamper revenues unless product portfolios are strategically modified.
Wockhardt Ltd Shareholding Pattern
| Promoters: 51.99% |
| Foreign Institutional Investors (FII): 6.7% |
| Domestic Institutional Investors (DII): 5.09% |
| Public Shareholding: 36.23% |
Wockhardt Ltd Financials
| (INR) | 2024 | Year-on-Year Change |
|---|---|---|
| Revenue | ₹28.30B | 6.51% |
| Operating Expense | ₹16.19B | -0.55% |
| Net Income | ₹-4.63B | 17.17% |
| Net Profit Margin | -16.36% | 22.24% |
| Earnings Per Share | — | — |
| EBITDA | ₹1.39B | 230.95% |
| Effective Tax Rate | -12.38% | — |
Frequently Asked Questions (FAQs)
What factors influence Wockhardt’s share price?
Several aspects such as product approvals, competitive landscape, and global market conditions significantly impact Wockhardt’s share price. The company’s ability to innovate and comply with regulations is also crucial.
How does Wockhardt’s share price compare to its competitors?
Wockhardt is positioned in a competitive market against larger pharmaceutical companies. Its share price reflects its market cap compared to competitors like Sun Pharmaceuticals and Dr. Reddy’s Laboratories.
What is the shareholding structure of Wockhardt Ltd?
As of the latest data, promoters hold 51.99%, FIIs hold 6.7%, DIIs own 5.09