Back-To-Back Lower Circuits: This Multibagger Stock That Doubled In Last 2 Years Falls 35% From 52-Week High; NCLAT Stays Insolvency Proceedings Against Company

Indian equity benchmark indices traded lower on Monday, with the benchmark Nifty 50 index declining 0.47 per cent to 23,532.70 during the session. Weak sentiment across media and entertainment stocks weighed on the broader markets. In this segment, shares of Prime Focus remained under pressure despite the company receiving interim relief from the National Company Law Appellate Tribunal (NCLAT). On Monday, Prime Focus share price declined 4.99 per cent to Rs 235.35.

Prime Focus Share Price Performance

Prime Focus shares have remained under significant selling pressure in recent sessions. The stock has corrected around 35 per cent from its 52-week high of Rs 367 touched on April 17, 2026.

The stock also witnessed consecutive Lower Circuits during the last four trading sessions amid investor caution surrounding the insolvency-related developments. Prime Focus had touched a 52-week low of Rs 94.99 on May 22, 2025.

NCLAT Grants Temporary Relief To Prime Focus

Prime Focus informed exchanges that the National Company Law Appellate Tribunal (NCLAT) has temporarily paused the insolvency proceedings initiated against the company by the NCLT Mumbai Bench.

The case relates to a petition filed under the Insolvency and Bankruptcy Code (IBC). Prime Focus challenged the earlier NCLT order before the appellate tribunal, stating that the company remains financially solvent, has around 12,000 employees globally and possesses sufficient liquidity and assets exceeding the disputed amount.

As part of the interim relief, the NCLAT directed Prime Focus to deposit Rs 353.79 crore in an interest-bearing account with the tribunal registrar by May 20, 2026. The tribunal also instructed that the Interim Resolution Professional (IRP) should not take any further action until the next hearing.

The matter is now scheduled for further hearing on July 9, 2026, while Prime Focus stated that normal business operations continue across its global businesses.

About Prime Focus

Prime Focus is a global media and entertainment services company engaged in visual effects, animation, post-production and technology solutions for films, television and digital platforms. The company operates through multiple international subsidiaries and serves global studios, streaming platforms and production houses across entertainment markets.

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Disclaimer: This article is for informational purposes only and not investment advice.