Prime Focus shares hit the upper circuit today after gaining 10 percent. The rise is believed to be due to a block deal.
The stock opened at ₹152.95 and, after the jump, reached ₹158.10 on the BSE. This is the second consecutive trading day when the company’s shares have gone up.
Block Deal of 47.5 Lakh Shares
According to a report by CNBC TV18, around 47.5 lakh shares of Prime Focus were bought and sold in this block deal, which equals 1.53% stake in the company. However, the details of who bought or sold the shares have not been disclosed.
Strong Returns for Investors
Prime Focus shares have been giving good returns:
In the last 1 week, the stock gained 9.03%.
In the last 3 months, the stock went up by 36%.
In the last 6 months, it delivered 60% returns to positional investors.
In the last 1 year, the stock rose by 12%.
The company’s 52-week high is ₹180.70, and the 52-week low is ₹85.
The market capitalization of the company stands at ₹4900.10 crore.
In the past 5 years, Prime Focus shares have gained a massive 300%.
Stock Split and Dividend History
In 2010, the company’s shares were split into 10 pieces, reducing the face value to ₹1 per share. Earlier, in 2007, the company had given a dividend of ₹1.50 per share to its investors.
