{"id":141731,"date":"2024-12-31T12:06:31","date_gmt":"2024-12-31T06:36:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=141731"},"modified":"2024-12-31T12:06:34","modified_gmt":"2024-12-31T06:36:34","slug":"pharma-stock-jumps-after-dii-and-fii-bought-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/pharma-stock-jumps-after-dii-and-fii-bought-stake-in-the-company\/","title":{"rendered":"Pharma stock jumps after DII and FII bought stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4139095099\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The biotec sector in India is experiencing significant growth, driven by advancements in research, innovation, and government support. India is emerging as a global hub for biotechnology, with opportunities in areas like pharmaceuticals, healthcare, agriculture, and industrial biotechnology.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2876851440\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The sector benefits from a skilled workforce, increasing investments, and a growing focus on biopharmaceuticals and gene editing. Companies like Biocon, Serum Institute of India, and Dr. Reddy&#8217;s Laboratories are key players in the industry.&nbsp;<\/p><p>The expanding demand for vaccines, biosimilars, and agricultural biotec solutions presents enormous growth potential, positioning India as a leader in the global biotec landscape.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share Price&nbsp;<\/strong><\/h2><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/ONYX\">Onyx Biotec<\/a><\/strong> are currently trading at Rs. 83.8 up by 1.02% from its previous close of Rs. 81.65. The stock is going through a volatile trading session as the stock collapsed 8% in the morning hours hitting a low of Rs. 75 and jumping back to green during the intraday trade.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3165647782\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Updates&nbsp;<\/strong><\/h2><p>In a recent development, Shoora Resource Private Limited, a Domestic Institutional Investor (DII), acquired 1 lakh shares of Onyx Biotec at Rs 73.97 per share. Similarly, Acintyo Investment Fund PCC, a Foreign Institutional Investor (FII), purchased 1.44 lakh shares of the company at Rs 77.05 per share.&nbsp;<\/p><p>These investments indicate growing institutional interest in Onyx Biotec, reflecting confidence in the company\u2019s prospects. Such transactions can potentially boost the company\u2019s stock value and attract further investor attention. The involvement of both domestic and foreign investors highlights the appeal of Onyx Biotec in the market.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Incorporated in 2005, Onyx Biotec Ltd (OBL) is a leading manufacturer and supplier of sterile pharmaceutical products, including Sterile Water for Injections, Dry Powder Injections, and Dry Syrup. Operating through a B2B business model, OBL serves both domestic and international markets.\u00a0<\/p><p>The company is a prominent player in the healthcare sector, supplying major corporations with high-quality sterile products. OBL offers end-to-end product development and manufacturing solutions, including the preparation and filing of regulatory dossiers in India and global markets.&nbsp;<\/p><p>With a strong focus on quality, the company is well-positioned in the pharmaceutical contract manufacturing space.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By: Dipangshu Kundu&nbsp;<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-1111610623\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-448557573\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The biotec sector in India is experiencing significant growth, driven by advancements in research, innovation, and government support. India is emerging as a global hub for biotechnology, with opportunities in areas like pharmaceuticals, healthcare, agriculture, and industrial biotechnology.\u00a0 The sector benefits from a skilled workforce, increasing investments, and a growing focus on biopharmaceuticals and gene [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[25999,26002,26001,6616,948,936,2597],"class_list":["post-141731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-onyx-biotec","tag-onyx-biotec-latest-news","tag-onyx-biotec-news","tag-pharma-stock","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pharma stock jumps after DII and FII bought stake in the company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The biotec sector in India is experiencing significant growth, driven by advancements in research, innovation, and government support. 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