Wockhardt right on top!

Wockhardt is the top gainer since the opening bell today. The stock price rose over 8% to Rs.728 and it remains firmly in the green

The company announced yesterday after market closure that Berlin, Germany has since issued EU GMP Certificate confirming that company's manufacturing facility at Ankaleshwar, Gujarat, complies with the principles and guidelines of Good Manufacturing Practices (GMP). The Certificate issued in this regard is valid for 3 years.

Less than a month ago, the UK MHRA had confirmed that the company's manufacturing unit at Kadaiya, Daman complied with the principles and guidelines of GMP.

This comes as a great relief for a company which has constantly been the under watch of US FDA and has been consistently getting poor observations for its units. Thus this thumbs up from Germany’s EU GMP and UK’s MHRA earlier comes as a relief.