Prism Cement jumps on profit surge
Prism Cement recorded nearly 10 per cent gain to close at Rs 41.60, following the announcement of a fifteen-fold jump in December quarter profits.
Over 2.8 million shares were traded on the counter, with pending buy orders for close to a million shares at the end of the session. In the quarter ended December 2006, the company reported a net profit of Rs 50.09 crore compared with Rs 3.35 crore in the same quarter last year, while net sales rose 50 per cent to Rs 190.01 crore.
Published under Cement News
