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

ICICI Securities has buy call on Nuvoco Vistas Corporation with a target price of Rs 465. The current market price of Nuvoco Vistas Corporation is Rs 264.25. Time period given by analyst is one year when Nuvoco Vistas Corporation Ltd. price can reach defined target.

Nuvoco Vistas Corporation Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 9436.07 Crore) operating in General sector.

Nuvoco Vistas Corporation Ltd. key Products/Revenue Segments include Cement, Other Operating Revenue, Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 2945.12 Crore, up 35.12 % from last quarter Total Income of Rs 2179.71 Crore and up 11.42 % from last year same quarter Total Income of Rs 2643.24 Crore. Company has reported net profit after tax of Rs 29.11 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 71.42 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.42 per cent, DIIs 18.05 per cent.