Pharma stock under Rs 70 jumps 11.5%; Unico Global Opportunities Fund bought 45,77,717 shares & Ebisu Global Opportunities Fund bought 45,21,028 shares
The company has a market cap of over Rs 300 crore and the stock is up by 24.1 per cent from its 52-week low of Rs 50.42 per share.
On Wednesday, shares of Balaxi Pharmaceuticals Ltd jumped 11.5 per cent to Rs 62.58 per share from its previous closing of Rs 56.12 per share. The stock’s 52-week high is Rs 151.45 per share and its 52-week low is Rs 50.42 per share.
In bulk deals, Ebisu Global Opportunities Fund Limited bought 45,21,028 shares at Rs 53 per share. Unico Global Opportunities Fund Limited acquired 45,77,717 shares at Rs 53 per share, official data from the exchanges showed. On the other hand, MGC Fund Limited sold 45,21,028 shares while Elala India Opportunities Fund sold 45,77,717 shares at Rs 53 per share. As per NSE data, 65.99 percent stake lies with the promoter and promoter group and the rest, about 34.01 percent, is owned by public shareholders.
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Balaxi Pharmaceuticals Ltd is an IPR-based pharmaceutical company that focuses on the production, stocking, selling, and supply of both branded and generic medicines. With a substantial portfolio of 610 pharmaceutical product registrations, Balaxi offers a diverse range of products, including tablets, injectables, liquids, and capsules, sourced from WHO-GMP certified contract manufacturers located in India, China, and Portugal.
The company has a market cap of over Rs 300 crore and the stock is up by 24.1 per cent from its 52-week low of Rs 50.42 per share. Investors should keep an eye on this pharma stock.
Disclaimer: The article is for informational purposes only and not investment advice.