The company declared the results during market hours today, 7 October 2008.

Meanwhile, the BSE Sensex was up 117.24 points, or 0.99%, to 11918.94. The market recovered after steep losses of the previous two trading sessions boosted by the market regulator Securities & Exchange Board of India’s decision to lift restrictions on participatory notes and a surprise 50 basis points cut in cash reserve ratio by the Reserve Bank of India (RBI).

On BSE, 3.98 lakh shares were traded in the counter. The scrip had an average daily volume of 3.17 lakh shares in the past one quarter.

The stock hit a high of Rs 25.45 and a low of Rs 21.40 so far during the day. The stock had a 52-week high of Rs 79.50 on 2 January 2008 and a 52-week low of Rs 24.35 on 6 October 2008.

The scrip had underperformed the market over the past one month till 6 October 2008, falling 30.07% compared to the Sensex's 18.52% fall. It had also underperformed the market in the past one quarter, falling 24.85% compared to Sensex's 12.28% decline.

The small-cap cement maker has an equity capital of Rs 298.25 crore. Face value per share is Rs 10.

The current price of Rs 23.40 discounts its Q4 June 2008 annualised EPS of Rs 8.18, by a PE multiple of 2.86.

Prism Cement manufactures and sells clinker and portland cement. Its product is marketed under the brand name Prism Champion.