Company updateBusinessLine
Broker’s Call: Prism Johnson (Buy)
Positive+40
GreyOak summary
Prism Johnson reported Q2FY27 consolidated EBITDA of approximately 190 crore rupees, a 4% year-on-year increase but a 7% quarter-on-quarter decline. Cement sales volumes fell 10% due to heavy rainfall, though margins improved in the tiles business. The company strengthened its balance sheet with net debt declining to 467 crore rupees. A broker maintains a Buy rating with the target price raised to 135 rupees.
What it affects
- Prism JohnsonPRSMJOHNSNPositive +40
Buy rating maintained with target raisedRolling sentiment Positive +20
Source
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