When the September shareholding data started to come out for companies, one pharma company, Granules India, has topped the list in the FII screener, in terms of FII/FPI increase in shareholding. FIIs and FPIs have upped their stake in Granules India to 19.79% in September 2017, compared to 12.15% the previous quarter - a change of over +7.6%. New participants include Morgan Stanley (the French arm) and BNP Paribas. 

Granules India was highlighted by Trendlyne previously as one of the top Diwali picks from analysts in the leadup to the festival. The company's JV with Omnichem is expected to be a cash cow for the firm, and the company's ANDA launches are expected to boost its bottomline. The share price of the firm is currently above its 200 day average.