Prime Focus zooms 33% in 3 days as Damani pick up stakes

Shares of smallcap compay, Prime Focus, the post-production and visual effects company of the upcoming film Ramayana, were locked at their 10% upper circuit for the third consecutive session on Tuesday, hitting Rs 191.25 on the BSE, as a wave of marquee investors including Ramesh Damani, Madhusudan Kela-owned Singularity AMC, and Utpal Sheth picked up significant stakes in the media and entertainment company through bulk and block deals last week.

Amid the investor stake pick-up buzz, the stock has now surged 33% in the last 3 trading sessions.

According to NSE data, ace investor Ramesh Damani had purchased 8 lakh shares at Rs 142.55 per share, while Utpal Sheth acquired 17.5 lakh shares at the same price.

Funds under Madhusudan Kela’s Singularity AMC also made large bets, with Singularity Large Value Fund II buying 18.5 lakh shares and Singularity Large Value Fund III purchasing 30 lakh shares, together cornering nearly 2% stake in the company.

The latest round of investments also saw FE Securities and Samyak Enterprises acquiring 14.55 lakh shares each. In total, marquee investors bought into 3.3% of Prime Focus, translating to an infusion of approximately Rs 146.2 crore.

On the other hand, some funds chose to exit their positions. Singapore-based Marina IV Pte Ltd sold 38.91 lakh shares (1.1% stake), while Augusta Investments I Pte Ltd offloaded 54.48 lakh shares (1.75% stake).

This surge of marquee investor interest comes just months after actor Ranbir Kapoor’s reported investment of Rs 15–20 crore in Prime Focus Studio via a preferential allotment, further fueling market buzz around the company.

The company had earlier approved the issuance of over 46 crore shares, with Kapoor among the proposed allottees aiming to acquire about 12.5 lakh shares.

Founded in 1997 by Namit Malhotra, Prime Focus has emerged as a global leader in visual effects (VFX) and post-production services. Its subsidiary Double Negative (DNEG) has bagged multiple Academy Awards for films such as TENET, Dune: Part One, and Dune: Part Two, bringing its Oscar tally to eight.

As of June 30, Malhotra held 1.49 crore shares in the company, equivalent to a 4.81% stake. With continued buying by marquee investors and growing optimism around the company’s international credentials, Prime Focus shares have now been locked in the upper circuit for three straight sessions, underscoring strong investor appetite and bullish sentiment.

Prime Focus is the post-production and visual effects company behind the upcoming film Ramayana. Directed by Nitesh Tiwari, Ramayana is set to be released in two parts—Part One in Diwali 2026 and Part Two in Diwali 2027. The film also features Sai Pallavi as Sita and Kannada star Yash, who is also a co-producer on the project, as Ravana.

The teaser has sparked strong traction across social media, amplifying the bullish sentiment surrounding the stock. Adding to the buzz, the film’s soundtrack is in the spotlight with reports of legendary composers A.R. Rahman and Hans Zimmer joining forces on the score—bringing even more star power to an already grand production.

Prime Focus Q1 results


The company swung back to profit, posting a net profit of Rs 110.47 crore in Q1FY26 in comparison to a net loss of Rs 158.07 crore in the year-ago period.

Further, the company’s revenue from operations also climbed 22.8% YoY to Rs 976.82 crore in the said quarter, against Rs 795.08 crore in the corresponding quarter of the last financial year.

Also read: Two billion-dollar disruptions, one Reliance: Can Mukesh Ambani deliver?

On a quarter-on-quarter basis too, the company posted a net profit against a net loss of Rs 251.62 crore in the previous quarter.

( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)