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About 70 companies, including Anant Raj, AstraZeneca, Ballarpur Ind, Bank of India, Brigade Enterprises, Century Textiles, Chambal Fertilizers, Dhampur Sugars, Future Retail, Glaxo Consumer, GTPL Hathway, LG Balakrishna, Muthoot Finance, McLeod Russel, NCC, Prism Cement, SRF, Sundaram Clayton, Tata Teleservices (M), Tata Chemicals, Thermax and Vesuvius will consider their April-June quarterly results on Tuesday.
Prism Cement is the buzzing stock on the bourses as it witnessed maximum spurt in volume by more than 61.80 times on BSE. The stock touched its intraday high of Rs 124.15 per share, up by 2.86%.
Share price of Prism Cement advanced 5.5 percent intraday Thursday as it has completed the capacity expansion of vitrified tiles at Dhuva plant, Morbi.
10.24 am Market Check: Equity benchmarks as well as broader markets held early gains, with the Sensex rising more than 100 points, supported by index heavyweights Reliance Industries, Infosys and HDFC Group stocks.
Reliance Communications clarified with regards to news titles Rcom puts Mumbai, Delhi real estate assets on the block to pare debt,that the company has initiated the monetization programme for its real estate properties. The announcement was made after market hours yesterday, 21 June 2017.
Shares of Prism Cement will remain in focus as Sanskar Ceramic Pvt Ltd, its step-down joint venture, has successfully completed a 4.2-million m2 (MSM) per annum vitrified tiles capacity expansion at its Dhuva plant in Gujarat. Commercial production commenced on Wednesday. With this, the company can cut down on outsourcing of vitrified tiles from third parties, making it more independent. Investors will closely monitor the development.
Capacity of Sanskar increases to 2.3 MSM of wall tiles and 4.2 MSM of vitrified tiles
American stock index provider, MSCI Inc. has recently announced its decision to add mainland China's shares to its global benchmark equity shares.
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Apart from capacity addition and streamlining distribution, implementation of GST is likely to boost offtake of the tile, bath and kitchen division of Prism Cement
10:45 am SAMCO on Fed rate hike: Irrespective of the short term knee jerk reaction, there is no direct correlation between interest rates hikes and adverse stock market reactions, Jimeet Modi, CEO, SAMCO Securities feels.
Prism Cement reports a decline of 7.22% in its standalone net profit to Rs70.15 crore for the fourth quarter ended 31 March