Prime Focus share price hits 10% upper circuit after stake buying by Ramesh Damani, Madhu Kela’s fund, Utpal Sheth
Prime Focus share price was locked-in at 10% upper circuit for the second straight session on Monday after ace investors, including Ramesh Damani, Madhusudan Kela and Utpal Sheth, bought 3.3% stake in the company via block deal.
The smallcap stock hit a 10% upper circuit at ₹173.90 apiece on the BSE, extending its rally for the third session, led by strong volumes.
NSE block deal data shows veteran investor Madhusudan Kela-owned Singularity Large Value Fund I, II and III bought 62.5 lakh shares of Prime Focus, equivalent to 2.01% stake in the company, at ₹142.55 per share on September 5.
Additionally, Ramesh Shrichand Damani acquired 8 lakh shares, and Utpal H Sheth bought 17.5 lakh shares in the company at the same price. Among…
