Prism Johnson Ltd (NSE: PRSMJOHNSN) Share: Prism Johnson’s share climbed by more than 15 percent, reaching the record-breaking peak of 239 rupees during trade on the National Stock Exchange (NSE) on the 11th of September.
The company’s share experienced an increase in value because of a huge rise in volume.
On September 11, trades were reported for more than 7 crore shares of the company the monthly volume of trading was 36 lakh shares.
In the wake of the huge rise in trading volume, BSE sought clarification from the company. Bombay Stock Exchange (BSE) has requested an explanation from BSE.
Prism Johnson’s share has risen 28 percent in the first half of this year. The share price has increased around 69 percent over the last 12 months in contrast, the Nifty has risen by 28 percent during the same time frame.
Prism Johnson is India’s largest company that integrates building materials. It produces a variety of building materials, from cement tiles, and bath products.
Due to a shortage of demand and slowing the cement price, the company lost money in the quarter ending June 2024. The total loss of the company was Rs 7.70 crore.
In the same time frame before that, the company earned a profit of Rs 17.89 crore. The company’s sales during the period in question fell by 8.24 percent compared to the previous year, resulting in a loss of Rs 1,746.92 crore.
The company has recently announced that it had reached an agreement to purchase 50 percent of Sunbath Sanitary.
The company makes sanitation products. Prism Johnson has bought 6 lakh equity shares worth Rs 10, at a cost of the equivalent of Rs 21.2 for each equity share.
Table of Contents
Quick Fact
Company name: Prism Johnson
| Share rise | 15% |
| Highest share price | ₹239 |
| Date of peak | 11th September |
| Share volume rise | More than 7 crore shares |
| Average monthly volume | 36 lakh shares |
| Current share price | ₹234.17 |
| Share price rise | 12.53% |
| Share rise (2024 first half) | 28% |
| Share rise (Last 12 months) | 69% |
| Nifty rise (Last 12 months) | 28% |
| Industry | Building materials |
| Products | Cement, tiles, bath products |
| Quarterly loss (June 2024) | ₹7.70 crore |
| Quarterly profit (previous year) | ₹17.89 crore |
| Quarterly sales drop | 8.24% |
| Quarterly sales (June 2024) | ₹1,746.92 crore |
| Recent acquisition | Sunbath Sanitary (50%) |
| Shares acquired | 6 lakh shares |
| Share cost | ₹21.2 per share |
| Share face value | ₹10 |
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