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Prime Focus shares slide 11% despite Ramayana box office success
Negative-66Company event
GreyOak summary
Prime Focus shares fell 11% since the release of its film Ramayana, which grossed over ₹499 crore. The decline is attributed to profit booking following a pre-release rally and the company's recent ₹46 crore loss. Foreign investors reduced their stake significantly, and the Income Tax Department searched the company's offices in October.
What it affects
- Prime FocusPFOCUSNegative -66
Shares declined 11% amid profit booking and losses.Rolling sentiment Negative -17
Source
Read the original at CNBC-TV18More Prime Focus news
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