Shares of Prime Focus Studios, the post-production and visual effects company behind the upcoming film Ramayana, were locked in at 10 per cent upper circuit on September 8, 2025. In the previous two sessions, the stock has rallied 21 per cent, hitting back-to-back upper circuits. This sudden rally came after market veterans Ramesh Shrichand Damani, Utpal H Sheth, and Madhusudan Kela bought stakes in the company through a block deal.
Prime Focus Block Deal: Market Veterans See Value In Ramayana
Exchange data showed that in the block deal on September 5, 2025, as many as 10.25 million shares changed hands on Prime Focus’ counter at Rs 142.55 apiece. Damani bought 800,000 shares worth Rs 11.40 crore, while Sheth bought 1,750,000 shares worth Rs 24.94 crore. Kela and his son, Yash Kela, through their Singularity Large Value Fund I, II, and III, bought a cumulative 6,250,000 shares worth Rs 89.09 crore.
FE Securities Pvt Ltd and Samyak Enterprises also bought 750,000 and 705,000 shares of the company.
Singapore-based funds were the key sellers in the transaction. Augusta Investments I Pte Ltd offloaded 5,448,112 shares worth Rs 77.66 crore, Marina IV (Singapore) Pte. Ltd sold 3,891,417 shares worth Rs 55.47 crore, and Marina IV LP sold 915,471 shares worth Rs 13.05 crore.
Ranbir Kapoor’s Investment In Prime Focus
Prior to the block deal, Bollywood actor Ranbir Kapoor, who plays Lord Rama in the upcoming film Ramayana, invested Rs 15 crore in Prime Focus through a preferential issue at Rs 120 per share, acquiring 12.5 lakh shares, according to reports.
The multi-starrer film directed by Nitesh Tiwari and written by Shridhar Raghavan, also features Kannada actor Yash as Ravana, and Sai Pallavi as Sita.
The film is set to release in two installments. The first part is slated to be released in 2026 during Diwali, and the second part is planned to come out next year.
Prime Focus also owns Double Negative (DNEG), the British-Indian visual effects (VFX) studio working on the film. DNEG has delivered VFX for several acclaimed Hollywood movies, including Interstellar, Inception, and Oppenheimer.
Prime Focus Share Price History
Since its April lows of Rs 85 per share, Prime Focus share price has more than doubled, rallying nearly 105 per cent. The rally intensified after Ramayana’s producers launched the movie’s teaser on July 3. The rally helped the stock come out of its consolidation phase and push ahead of its previous record high of Rs 164.89, hit on October 17, 2024.
Eventually, on July 15, the stock made a new all-time high of Rs 181. Since then, the stock has been seeing sharp swings and is currently trading at Rs 174.20 apiece on the NSE. Over the past five years, the stock has rallied 351 per cent.
Prime Focus Q1 FY26 Results
Prime Focus reported a revenue of Rs 1,023 crore in the April-June quarter (Q1) of the current fiscal. Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter came in at Rs 244.28 crore, and its profit after tax (PAT) at Rs 110.46 crore.
In the previous two quarters, the company reported losses of Rs 252 crore in Q4 FY25 and Rs 99 crore in Q3 FY25.
