http://www.indiainfoline.com/Markets/News/Prime-Focus-gains-as-promoter-converts-warrants-into-shares-at-premium/4256196560
Prime Focus rose 1.09% to Rs. 51 at 9:34 IST on BSE after the company said its board has approved the conversion of 10 lakh convertible warrants held by the promoter, Mr Namit Malhotra into 1 crore equity shares at Rs. 55.47 per share.  Crossover above 55 can take the stock past 60 and up to 52 week high of 78+. I would recommend a slow accumulation at every dip so as to average the cost per share. Downside, the 52 week low is 37.10. | |
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