Prism Johnson jumps on completing modernization of tile production plant
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Prism Johnson is currently trading at Rs. 160.40, up by 3.90 points or 2.49% from its previous closing of Rs. 156.50 on the BSE.
The scrip opened at Rs. 159.45 and has touched a high and low of Rs. 163.40 and Rs. 157.65 respectively. So far 22815 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.90 on 09-Feb-2024 and a 52 week low of Rs. 120.00 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 163.40 and Rs. 155.05 respectively. The current market cap of the company is Rs. 8063.77 crore.
The promoters holding in the company stood at 74.87%, while Institutions and Non-Institutions held 9.57% and 15.56% respectively.
Prism Johnson has completed the modernisation of its tile production plant situated at Vijaywada, Andhra Pradesh to manufacture higher value product, ahead of schedule.
The total tile production capacity of H & R Johnson (India) (HRJ) Division of the Company (along with the joint ventures) will change from around 67 million square meter p.a. previously to around 64 million square meter p.a. The reduction in annual tile production capacity would not have any adverse impact on overall sales of HRJ Division of the Company.
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).
