Prism Cement gains on inking agreement with India Resources and IRL Coal India

30 Sep 2011 Evaluate

Prism Cement is currently trading at Rs. 42.30, up by 0.80 points or 1.93% from its previous closing of Rs. 41.50 on the BSE.

The scrip opened at Rs. 42.50 and has touched a high and low of Rs. 43.10 and Rs. 41.60 respectively. So far 4,356 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 65.90 on 14-Oct-2010 and a 52 week low of Rs. 39.10 on 29-Aug-2011.

Last one week high and low of the scrip stood at Rs. 43.10 and Rs. 40.05 respectively. The current market cap of the company is Rs. 2,129.00 crore.

The promoters holding in the company stood at 74.87% while Institutions and Non-Institutions held 7.49% and 17.63% respectively.

Prism Cement has signed an agreement for mining, development and operation of its Sial Ghogri Coal Block near Chhindwara, Madhya Pradesh with India Resources, Australia and its wholly owned Indian subsidiary - IRL Coal India. The mined coal will be used for captive consumption of the cement plant located at Satna, Madhya Pradesh.

India Resources is an Australia-based company presently engaged in underground mining in India.

Prism Cement is cement manufacturing company. The company manufactures and markets Portland Pozzollana Cement (PPC) under the brand name ‘Champion’ which is company’s largest selling product.

The company has reported a net loss for the quarter at Rs 9.97 crore as compared to a net profit of Rs 55.90 crore for the quarter ended June 30, 2010. Its total income has increased by 36.01% to Rs 989.12 crore for the quarter under review from Rs 726.82 crore for the corresponding quarter of the previous year.

Prism Johnson Share Price

178.40 0.55 (0.31%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
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