ICICI Securities has add call on Prism Johnson with a target price of Rs 150. The current market price of Prism Johnson Ltd. is Rs 141.45. Prism Johnson Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 7117.46 Crore) operating in Cement sector. Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1862.48 Crore, up 21.56 % from last quarter Total Income of Rs 1532.15 Crore and up 24.77 % from last year same quarter Total Income of Rs 1492.76 Crore. Company reported net profit after tax of Rs 154.57 Crore in latest quarter. The brokerage downgrades the stock to ADD from Buy post ~60% stock return over the past four months and reasonable valuation at 7.5xFY23E EV/E. Key risk: Lower than expected demand / prices across segments.