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20-Mar2018

Prism Cement shines with arm completing expansion at Morbi plant

Prism Cement is currently trading at Rs. 116.75, up by 4.20 points or 3.73% from its previous closing of Rs. 112.55 on the BSE.

The scrip opened at Rs. 111.20 and has touched a high and low of Rs. 133.30 and Rs. 109.70 respectively. So far 2301342 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 158.95 on 16-Jan-2018 and a 52 week low of Rs. 95.30 on 30-Mar-2017.

Last one week high and low of the scrip stood at Rs. 133.30 and Rs. 109.70 respectively. The current market cap of the company is Rs. 5884.24 crore.

The promoters holding in the company stood at 74.87%, while Institutions and Non-Institutions held 15.85% and 9.27% respectively.

Prism Cement's step-down joint venture - Spectrum Johnson Tiles (Spectrum) has successfully completed the expansion of 3 million m2 (MSM) per annum large format Glazed Vitrified Tiles capacity at its Matel plant, Morbi. The plant has capability to produce large format GVT i.e. 120cmx120cm, 120cmx180cm and 120cmx240cm amongst others. The commercial production has commenced from March 14, 2018.

The overall capacity of H & R Johnson (India), a division of Prism Cement, along-with its joint ventures and subsidiaries would stand at over 68 MSM per annum.

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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