Prime Focus surged 15% to Rs 57.50 at 14:51 IST on BSE after a bulk deal of 14.09 lakh shares was executed on the scrip at Rs 52 per share in opening bell on BSE.
Meanwhile, the BSE Sensex was up 50.25 points, or 0.18%, to 27,217.12
Bulk deal boosted volume on the scrip. On BSE, so far 17.29 lakh shares were traded in the counter, compared with average daily volume of 13,391 shares in the past one quarter. The stock hit a high of Rs 60 and a low of Rs 50 so far during the day. The stock hit a 52-week high of Rs 63.95 on 22 December 2015. The stock hit a 52-week low of Rs 39.20 on 26 August 2015. The stock had underperformed the market over the past 30 days till 5 July 2016, falling 1.67% compared with Sensex's 1.45% rise. The scrip also underperformed the market in past one quarter, declining 2.72% as against Sensex's 9.1% rise.
The small-cap company has an equity capital of Rs 29.89 crore. Face value per share is Re 1.
Prime Focus reported consolidated net loss of Rs 80.06 crore in Q3 March 2016, sharply higher than net loss of Rs 20.29 crore in Q3 March 2015. Net sales rose 4.77% to Rs 425.34 crore in Q3 March 2016 over Q3 March 2015.
Prime Focus provides end-to-end creative services (visual effects, stereo 3D conversion and animation), technology products & services (Media ERP Suite and Cloud-enabled media services), production services (shooting floors, sound stages and equipment rental) and post production services (Digital Intermediate, digital lab and picture post) to studios, broadcast and advertising industries.
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