Prism Johnson's Stock Shows Resilience Amid Broader Market Fluctuations
Prism Johnson Ltd., a midcap cement company, experienced a notable increase in stock price on March 6, 2025, marking consecutive gains over two days. While currently above its short-term moving averages, it remains below longer-term averages. The broader market saw the Sensex open higher, with small-cap stocks leading.
Prism Johnson Ltd., a midcap player in the cement industry, has shown notable activity today, gaining 5.04% on March 6, 2025. The stock has outperformed its sector by 5.16%, marking a consecutive gain over the last two days, with a total return of 11.32% during this period. The stock reached an intraday high of Rs 124.35, reflecting a rise of 5.38%.In terms of moving averages, Prism Johnson's stock is currently above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages. This indicates a mixed performance in the short to medium term.
On a broader market scale, the Sensex opened higher at 74,308.30, gaining 578.07 points (0.78%), but is still trading 4.81% away from its 52-week low. The small-cap segment is leading the market, with the BSE Small Cap index up by 1.59%. Over the past month, Prism Johnson has experienced a decline of 9.26%, contrasting with the Sensex's drop of 5.47%.
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