Prism Cement is currently trading at Rs. 99.60, up by 4.25 points or 4.46% from its previous closing of Rs. 95.35 on the BSE.
The scrip opened at Rs. 100.70 and has touched a high and low of Rs. 103.50 and Rs. 99.10 respectively. So far 1,92,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.45 on 23-Aug-2016 and a 52 week low of Rs. 62.30 on 01-Mar-2016.
Last one week high and low of the scrip stood at Rs. 103.50 and Rs. 94.25 respectively. The current market cap of the company is Rs. 5,013.00 crore.
The promoters holding in the company stood at 74.87%, while Institutions and Non-Institutions held 16.26% and 8.87% respectively.
Prism Cement has successfully bid for 18,300 tonnes per annum (TPA) of coal from South Eastern Coalfields, a subsidiary of Coal India (CIL), in a recently held auction of coal linkages for the cement industry. The company has secured part fuel requirement for the next 5 years. This allocation by CIL has been made at a nominal premium over the floor price.
This, along with the earlier coal linkage of 120,000 tonnes per annum, constitutes about 25 percent of the company’s annual fuel requirement.
Prism Cement is one of India’s leading integrated Building Materials Company, with a wide range of products from cement, ready-mixed concrete, tiles, bath products to kitchens.