Prism Johnson inches up on entering into Supply Agreements with Mayflex, RLJ and Rockhill

Prism Johnson is currently trading at Rs. 125.00, up by 0.35 points or 0.28% from its previous closing of Rs. 124.65 on the BSE.

Prism Johnson
Prism Johnson

The scrip opened at Rs. 123.10 and has touched a high and low of Rs. 125.05 and Rs. 123.10 respectively. So far 584 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 160.00 on 17-Jan-2022 and a 52 week low of Rs. 96.75 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 126.45 and Rs. 121.60 respectively. The current market cap of the company is Rs. 6274.34 crore.

The promoters holding in the company stood at 74.87%, while Institutions and Non-Institutions held 7.75% and 17.37% respectively.

Prism Johnson has entered into Supply Agreements with Mayflex Cement Industries (Mayflex), R L J Infracement (RLJ) and Rockhill Hi-Tech Cement (Rockhill), who will manufacture and supply cement to Prism Cement as per Prism Cement’s quality and other specifications.

This will help Prism Cement improve local availability in its strategic markets of Uttar Pradesh and Bihar. Uttar Pradesh constituted around 55% of cement sales volume in FY22, while Bihar constituted approximately 19% of cement sales volume in FY22.

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).

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