Prism Cement fell 1.33% to Rs. 59.15 at 11:23 IST on BSE, after net profit tumbled 88.9% to Rs. 4.60 crore on 14% rise in net sales to Rs. 749.70 crore in Q2 September 2010 over Q2 September 2009.
The company declared its results after market hours on Wednesday, 27 September 2010.
Meanwhile, the BSE Sensex was up 62.53 points, or 0.21% at 20,067.90.
On BSE, 60,108 shares were traded in the counter as against an average daily volume of 3.35 lakh shares in the past one quarter.
The stock hit a high of Rs. 59.70 and a low of Rs. 58.95 so far during the day. The stock had hit a 52-week high of Rs. 65.90 on 15 October 2010 and a 52-week low of Rs. 36.50 on 3 November 2009.
The mid-cap stock had outperformed the market over the past one month till 27 October 2010, declining 0.42% compared with the Sensex's 0.56% fall. It had also outperformed the market in past one quarter, gaining 18.95% as against 10.66% rise in the Sensex.
The company has an equity capital of Rs. 503.36 crore. Face value per share is Rs. 10.
The board of Prism Cement declared an interim dividend of Re 1 per share for the year ending March 2011.
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