India's Prism Johnson up on posting Q2 profit

Prism Johnson

03/11/2023 08:30

** Shares of Prism Johnson  PRIS.NS  rise 4.9% to 147.45
rupees, highest since Jan. 24, 2022
    ** Building materials maker posted Q2 consolidated net
profit of 1.38 bln rupees ($16.6 mln) compared to loss of 826.2
mln rupees last year
    ** Co had one-time gain of 3.90 bln rupees on transfer of
Andhra Pradesh mining lease and some land parcels to Ramco
Cements
    ** Nearly 3.8 mln shares change hands as of 1:52 p.m. IST,
4.2x the 30-day moving average
    ** Avg rating of five analysts is "buy"; median PT is 136.5
rupees - LSEG data
    ** Stock last up 4.2%, taking YTD gain to 40.4%

($1 = 83.2420 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))