Shares of Prime Focus Limited hit the 10% upper circuit on Monday, September 8, closing at ₹174.20 on the NSE. The surge comes after a series of block deals on September 5 that saw marquee investors picking up stakes in the company.
Among the buyers, veteran investor Ramesh Damani, Madhusudan Kela-owned Singularity AMC, and investor Utpal Sheth were the most prominent names. Together with other participants, they acquired a 3.3% stake in Prime Focus worth ₹146.2 crore.
According to exchange data, Singularity Large Value Fund I, II and III — managed by Madhusudan Kela and his son Yash Kela — bought 62.5 lakh shares (2.01% stake) at ₹142.55 per share. Ramesh Damani acquired 8 lakh shares, while Utpal Sheth picked up 17.5 lakh shares at the same price. Other entities such as FE Securities and Samyak Enterprises also participated, buying 14.55 lakh shares.
On the selling side, Marina IV (Singapore) offloaded 48.06 lakh shares (1.55% stake) and Augusta Investments I sold 54.48 lakh shares (1.75% stake). As of June 2025, Augusta held 8.86% in Prime Focus, while Marina IV had a 7.55% stake.
Prime Focus, a leading provider of visual effects (VFX), animation, and post-production services for film, television, and advertising, saw investor sentiment improve sharply after the entry of these high-profile buyers.
The stock had already shown signs of momentum last Friday, opening with a gap-up and locking in a 10% upper circuit at ₹158.37, breaking more than a week of consolidation.
