Prism Johnson remains on the radar

Prism Johnson, which was formerly known as Prism Cement has been attracting buying since Wednesday. And today too, the stock remains among the top five gainers on the BSE, going up almost 5% to Rs.93.95. Its 52-week high is at Rs.126.50.

The stock continues to remain on the radar ever since it announced acquiring 3 700 equity shares of 10/- each aggregating to Rs.37,000 only,  constituting 27% in the total paid-up equity share capital of CSE Solar Parks Satna Private Limited.

CSE Solar was incorporated on July 19, 2017 and is engaged in the business of providing solar power solutions , comprising of consulting, design, engineering , fabrication, installation, commissioning and monitoring of distributed rooftop solar power plants primarily for captive consumption of commercial and industrial customers in India.

The objective of this buy is to reduce overall cost of production by setting up captive solar power project.