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Prism Cement trades higher on the bourses

20 Sep 2013

Prism Cement is currently trading at Rs. 30.45, up by 0.90 points or 3.05% from its previous closing of Rs. 29.55 on the BSE.

The scrip opened at Rs. 30.95 and has touched a high and low of Rs. 31.25 and Rs. 30.30 respectively. So far 26005 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.00 on 07-Nov-2012 and a 52 week low of Rs. 22.85 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 31.30 and Rs. 26.25 respectively. The current market cap of the company is Rs. 1545.30 crore.

The promoters holding in the company stood at 74.87% while Institutions and Non-Institutions held 3.67% and 21.45% respectively.

Lifestyle Investments (LIPL), wholly-owned foreign subsidiary of Prism Cement, has sold its present holding of 145,707,247 million shares in Norcros Plc, a company listed on the London Stock Exchange for a net consideration of GBP 26.55 million. Post the sale, LIPL does not hold any shares of Norcros. LIPL’s capital gain on this transaction would be approx. GBP 12.8 million.

Prism Cement is one of India’s leading integrated building materials companies; with a wide range from cement, ready-mixed concrete, tiles, bath products to kitchens.


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