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 381.75.

Nuvoco Vistas Corporation Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 13700.51 Crore) operating in General sector.

Nuvoco Vistas Corporation Ltd. key Products/Revenue Segments include Cement, Construction Chemicals, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 2402.54 Crore, down -9.88 % from last quarter Total Income of Rs 2665.80 Crore and up 18.54 % from last year same quarter Total Income of Rs 2026.72 Crore. Company reported net profit after tax of Rs -130.38 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 71.79 per cent stake in the company as of 30-Sep-2022, while FIIs owned 3.65 per cent, DIIs 19.67 per cent.