Small Cap Stocks: Putting money in the stock market is always playing risky. But if you bet with understanding, then your luck can also shine. Today we are talking about Prime Focus Limited, a smallcap company associated with the media and entertainment industry. This stock has seen a tremendous increase of 10 percent consecutive percent in two business days.
Bollywood actors from Ranbir Kapoor to well-known investors Ramesh Damani, Madhu Banana and Utpal Seth have placed bets on this company.
Ranbir’s bets on prime focus
It is reported that Ranbir Kapoor has invested Rs 15 to 20 crore in prime focus through preferred issue. Prime Focus approved the issue of more than 46 crore shares. Promoters hold 67.61 percent stake in the company while public share holding is 32.39 percent. Ranbir Kapoor was about to buy about twelve and a half million shares and was involved in the proposed allies.
When did the prime focus start?
This company started in the year 1971 and is a global leader in post production to visual effects. According to the data of stock exchange, Utpal Seth has bought nearly and a half million shares of prime focus. At the same time, well-known investor Ramesh Damani has also expressed confidence in the company by purchasing 8 lakh shares.
Apart from this, PTI Ltd. Has bought 54.4 lakh shares. Fund Siguraity Large Value Fund, owned by Madhusudan Banana, has bought 62.5 lakh stocks in the block deal. While the Appi Securities and Samyak Enterprises have purchased more than 7 lakh shares in the block deal.
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Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)
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