Buy Nuvoco Vistas Corporation, target price Rs 465: HDFC Securities

HDFC Securities has buy call on Nuvoco Vistas Corporation with a target price of Rs 465.0. The current market price of Nuvoco Vistas Corporation Ltd. is Rs 359.65.

Nuvoco Vistas Corporation Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 12855.84 Crore) operating in Cement sector.

Nuvoco Vistas Corporation Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Scrap & Others for the year ending 31-Mar-2024.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 2940.61 Crore, up 20.92 % from last quarter Total Income of Rs 2431.87 Crore and up .33 % from last year same quarter Total Income of Rs 2930.96 Crore. Company reported net profit after tax of Rs 100.35 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 72.02 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.42 per cent, DIIs 18.59 per cent.