By Admin 
Prime Focus Share: Amidst the ongoing ups and downs in the stock market these days, one stock is running at a gallop. Here we are talking about Prime Focus, a giant in the post production and VFX sector. The company is also in the headlines these days because it is working on the visual effects (VFX) of Bollywood actor Ranbir Kapoor’s next film Ramayana.
Shares rose after the teaser came out
As soon as the first teaser of the film was released in July last year, it has been gaining momentum. At that time the price of its shares was around Rs 160. Now on April 2, the second teaser came, due to which the stock reached Rs 330. That means it has increased by 106 percent in just a few months. On one hand, there is an atmosphere of decline in the stock market amid the current geo-political tension. At the same time, this rise in the shares of Price Focus is really attention-grabbing.
Bettors became rich
The shares of Prime Focus are seeing a rise even today. It has reached near its 52-week high level of 350.9. The latest price of shares is Rs 346.80. It has filled the pockets of investors by giving multibagger returns of about 262 percent in the last one year. The current market cap of the company is Rs 27012 crore.
Reason for rise in shares
There is tremendous enthusiasm among investors about Ranbir Kapoor’s upcoming film ‘Ramayana’. Ranbir is going to be seen in the role of Prabhu Shri Ram in the film. He also has money invested in Prime Focus shares. According to reports, the company had earlier approved a preferential issue of more than 46 crore shares, in which Ranbir Kapoor was among the proposed investors to take 12.5 lakh shares. There is talk of names of Akash Ambani and veteran investor Namit Malhotra also being mentioned in this preferential issue.
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