India's Prime Focus falls after income tax search
07/10/2026 09:35
BUZZ-India's Prime Focus falls after income tax search ** Shares of India's Prime Focus PRFO.NS drop 7.4% to 271.05 rupees, their lowest level since August 18
** Stock on track for its biggest intraday percentage fall since January 19
** Media and entertainment services co says Income Tax Department initiated a search at certain offices on October 7; search is ongoing
** Adds it has not received any communication from tax authorities on any finding, demand or alleged contravention
** Co says business operations continue as usual and were not affected by the search
** More than 4.9 million shares change hands about 1.9x vs 30-day avg volume - LSEG compiled data
** Stock up 15.1% YTD
(Reporting by Payel Das in Bengaluru)
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