Prism Cement drops after weak Q4 results

The company announced Q4 results during trading hours today, 9 May 2013.

Meanwhile, the BSE Sensex was up 22.53 points or 0.11% at 20,012.71.

On BSE, 27,000 shares were traded in the counter as against average daily volume of 21,875 shares in the past one quarter.

The stock hit a high of Rs 46.95 and a low of Rs 45.10 so far during the day. The stock had hit a 52-week low of Rs 39 on 8 April 2013. The stock had hit a 52-week high of Rs 60 on 7 November 2012.

The stock had outperformed the market over the past one month till 8 May 2013, jumping 13.01% compared with the Sensex's 8.42% surge. The scrip had also outperformed the market in past one quarter, surging 5.51% as against Sensex's 2.59% rise.

The small-cap company has equity capital of Rs 503.36 crore. Face value per share is Rs 10.

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. The company has three Divisions, viz. Prism Cement, H & R Johnson (India), and RMC Readymix (India).

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