Synopsis:
Prime Focus shares hit a 10 percent upper circuit after a major block deal, with 47.5 lakh shares (1.53 percent equity) traded, igniting strong investor interest on Friday.
In a notable upswing, shares of the world’s largest independent integrated media services company hit a 10 percent upper circuit during Friday’s session, marking one of the day’s standout performances. The surge in investor activity is explored in the article.
With a market cap of Rs. 4,900 crores, the shares of Prime Focus Limited hit a 10 percent upper circuit at Rs. 158.1 on BSE, up by nearly 8 percent, as against its previous closing price of Rs. 143.75. The stock has delivered positive returns of over 12 percent in one year, and but has fallen by around 2 percent in the last one month.
What’s the News
Shares of Prime Focus Limited surged 10 percent to hit the upper circuit on Friday, driven by a large block deal that sparked strong investor interest. According to market sources, nearly 47.5 lakh shares, amounting to about 1.53 percent of the company’s equity, were traded through the block deal window.
The stock has been drawing attention since July, particularly after the teaser release of the highly anticipated movie “Ramayana”. Adding to the momentum, reports earlier suggested that actor Ranbir Kapoor was set to invest Rs. 15-20 crore in Prime Focus Studio via a preferential share issue.
The company had previously approved the issuance of over 46 crore shares, with Ranbir Kapoor listed among the proposed allottees aiming to acquire roughly 12.5 lakh shares. However, independent confirmation of the final allotment remains pending.
Financials & more
Prime Focus reported a marginal growth in its revenue from operations, showing a year-on-year increase of around 26 percent from Rs. 813 crores in Q1 FY25 to Rs. 1,023 crores in Q1 FY26. Likewise, the company reported an improvement of Rs. 268 crore, moving from a loss of Rs. 158 crore to a profit of Rs. 110 crore during the same period.
Prime Focus Limited is engaged in the business of post-production activities, including digital intermediate and other technical & creative services to the Media and Entertainment industry.
Written by Shivani Singh
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