Nuvoco Vistas Corporation consolidated net profit declines 80.36% in the June 2024 quarter

The cement manufacturer’s net profit decreased 80.4% year-on-year to Rs 2.8 crore in the April-June quarter.

Nuvoco Vistas Corp Q1 Results: Profit Falls 80%

Nuvoco Vistas Corp, a leading producer of cement in east India, saw its consolidated net profit slump by more than 80% on year to 2.84 crore rupees in the June quarter, weighed down by lower volumes and weaker prices during the quarter.

Nuvoco Vistas’ profit slumps by 80% in June quarter

HDFC Securities is bullish on Nuvoco Vistas Corporation has recommended buy rating on the stock with a target price of Rs 475 in its research report dated August 11, 2023.

Buy Nuvoco Vistas Corporation; target of Rs 475: HDFC Securities

Though the project is focused on environmental sustainability, it has several benefits for clinker production and can offer significant cost savings.

Nuvoco Vistas Corp to use alternative fuel at two cement plants

HDFC Securities is bullish on Nuvoco Vistas Corporation has recommended buy rating on the stock with a target price of Rs 475 in its research report dated May 10, 2023.

Results Review for L & T, SRF, Apollo Tyres, Kansai Nerolac, Nuvoco Vistas Corp

HDFC Securities is bullish on Nuvoco Vistas Corporation has recommended buy rating on the stock with a target price of Rs 545 in its research report February 07, 2023.

Buy Nuvoco Vistas Corporation; target of Rs 545: HDFC Securities

The company had reported a net loss of Rs 85.54 crore in the October-December period a year ago, Nuvoco Vistas Corp said in a regulatory filing.

Nuvoco Vistas Q3 net loss at Rs 75.29 crore, revenue rises 20.3%

Privi Speciality Chemicals Ltd, Escorts Kubota Ltd, Ambuja Cements Ltd and Nuvoco Vistas Corporation Ltd are among the other gainers in the BSE’s ‘A’ group today, 19 September 2022.

Triveni Engineering and Industries Ltd leads gainers in ‘A’ group

Nuvoco Vistas has strong R&D and technological capabilities, which help it to create innovative products. The company has planned a capex of around Rs.2,500 crore over the next three years for capacity expansion and aims to be debt-free by then.

4 reasons Nuvoco Vistas Corp is this week’s stock pick

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Nuvoco Vistas Corp. Ltd. is engaged in the construction landscape through its cement business. The Company's business divisions include Cement, Ready Mix Concrete (RMX) & Aggregates, and Value added Products.