Price Action: Optiemus Infracom jumps 12% as 1.82% equity changes hands; Prime Focus falls over 2%

The latest market report highlights that Stock-specific action remained in focus on Dalal Street on September 23, with market participants reacting to corporate developments and research firms view.

Shares of Prime Focus shed more than 2% after Brahma AI has boosted $150 million through equity issuance led by Multiples, at a $2 billion post-money valuation. Brahma AI has additionally received a further $100 million of investor demand and will evaluate an upsize of the round to accommodate some or all of that interest.

Optiemus Infracom shares rallied 12% after around 15.85 lakh shares (1.82% equity) worth Rs 136 crore change hands at an average of Rs 845/share via block deals.

Stock price of Bajaj Finance and L&T Finance rose 2% each after UBS  upgraded Bajaj Finance to neutral from sell with target price at Rs 1,100 and upgraded L&T Fin to buy from neutral, target price at Rs 380.

Among sectors, all indices except IT were trading elevated, with the Metal index rising 1%, while PSU Bank and Realty indices advanced 0.5% each.

The broader market additionally traded elevated, with the Nifty Midcap 100 index rising 0.3% and the Nifty Smallcap 100 index gaining 0.7%.

Market breadth on the BSE remained positive, with 2,339 shares advancing, 1,067 declining and 161 unchanged.