Prime Focus shares rose after Ace investor Rakesh Jhunjhunwala hiked his stake in global digital content operations specialist -Prime Focus- by acquiring additional shares worth Rs 11 crore through open market transactions.
Prime Focus is currently trading at Rs 46.40, up by 3.30 points or 7.66% from its previous closing of Rs 43.10 on the BSE.
The scrip opened at Rs 45.10 and has touched a high and low of Rs 47.75 and Rs 44.15 respectively. So far 849888 shares were traded on the counter.
The BSE group 'B' stock of face value Re 1 has touched a 52 week high of Rs 78.40 on 25-Jul-2011 and a 52 week low of Rs 33.00 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs 48.00 and Rs 41.55 respectively. The current market cap of the company is Rs 692.98 crore.
The promoters holding in the company stood at 50.91% while Institutions and Non-Institutions held 9.25% and 39.85% respectively.
According to bulk data available with the stock exchanges, Jhunjhunwala purchased 25.50 lakh shares (amounting to 1.71% stake) of Prime Focus held by Royal Bank of Scotland (RBS) for Rs 42.05/ share, valuing the deal to Rs 10.72 crore.
