Prism Cement was among major gainers in today’s session. At 11.30am, the stock was trading 6% higher compared to previous close.  

The stock has touched an intraday high of Rs 54.25 on NSE. The trading volumes are high as well. On NSE, during the first hour of trading, 2.1 million shares changed hands while the volume on BSE was 1.4 million shares.

The stock is trading near its 52-week high of Rs 60.  

Technical expert Ashwani Gujral has suggested a level of Rs 79 for the stock. During an interview with CNBC-TV18, Mr. Gujral said that the stock has broken major resitance levels and looks strong now. The next level should be Rs 65 and later, Rs 79. The stock has support at Rs 48, as per view of Mr. Ashwani Gujral.

Sundaram BNP Paribas, SBI Magnum Midcap Fund and DSP BlackRock Small and MidCap Fund hold this stock.