A total of 6,806 shares changed hands on the counter till 01:04PM (IST).

The Relative Strength Index of the stock stood at 52.1 on Thursday.

On the technical charts, the 200-day moving average of the stock stood at Rs 1267.1.

Of particular interest was Das’s indication that any change in the reverse repo rate, which had been expected, would first require an overall shift from the RBI’s accommodative stance.

The partially convertible rupee opened at 74.9680 per US dollar as against 75.0725/$1 at previous close. So far in the day, the Indian currency moved in a band of 74.9750-74.9980/$1.

As of 31-Dec-2021, promoters held 66.33 per cent stake in the company, while FIIs held 17.25 per cent and domestic institutional investors had 1.81 per cent.

Prism Johnson Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 6218.97 Crore) operating in Cement sector.

“This is the ideal period to buy stocks that one has missed out on earlier. We have seen a two-year bull market till now and many companies have created considerable wealth over the last two-three years. Their stocks have been multibaggers over the past two-three years but are available now at 30-40% lower prices and provide a margin of safety. Once this entire uncertainty is over and done with, growth stocks come back and may be first off the block.”

While suggesting a target of Rs 660 on the stock (up 32 per cent over the last close of Rs 498.20), JPMorgan said the JLR owner can achieve its zero net debt target. The brokerage added that the automaker has seen improvement in product mix and right-sizing of cost and investments in JLR.

The Relative Strength Index of the stock stood at 36.47 on Thursday.