Prism Cement shares fell sharply as it reeled under losses
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Shares of Prism said its first quarter Net loss stood at 8 crore rupees compared with 13 crore rupees in the same quarter a year ago. Sales during April-June fell marginally to 1,369 crore rupees from 1,388 crore rupees in the year ago period.
Prism fell 7.7 percent, or 8.50 rupees, to 100.25 on the
Prism's market capitalisation has dropped 42 percent in the past one year to 5,424 crore rupees as investors preferred front line cement plays instead of regional companies.
(Image credits: Indiatimes)
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