Prism Johnson surges on acquiring 27% stake in CSE Solar Parks

19 Mar 2019

Prism Johnson is currently trading at Rs. 91.70, up by 2.10 points or 2.34% from its previous closing of Rs. 89.60 on the BSE.

The scrip opened at Rs. 89.25 and has touched a high and low of Rs. 91.75 and Rs. 89.20 respectively. So far 18293 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.30 on 20-Mar-2018 and a 52 week low of Rs. 62.45 on 04-Feb-2019.

Last one week high and low of the scrip stood at Rs. 101.65 and Rs. 88.90 respectively. The current market cap of the company is Rs. 4618.30 crore.

The promoters holding in the company stood at 74.87%, while Institutions and Non-Institutions held 10.85% and 14.28% respectively.

Prism Johnson has acquired 3700 equity shares of Rs 10 each aggregating to Rs 37,000 constituting 27% in the total paid-up equity share capital of CSE Solar Parks Satna. The object of the acquisition is to reduce overall cost of production by setting up captive solar power project.

CSE Solar is engaged in the business of providing solar power solutions comprising of consulting, design, engineering, fabrication, installation, commissioning and monitoring of distributed rooftop solar power plants primarily for captive consumption of commercial and industrial customers in India.

Prism Johnson (formally known as Prism Cement) is a building materials company. The company has interest in Portland cement, tiles, bathroom and kitchen (TBK) and ready mixed concrete (RMC).

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Prism Johnson Share Price

131.75 -0.15 (-0.11%) May 07, 10:43
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323