Buy Nuvoco Vistas Corporation, target price Rs 660: HDFC Securities

HDFC Securities has buy call on Nuvoco Vistas Corporation Ltd. with a target price of Rs 660. The current market price of Nuvoco Vistas Corporation is Rs 397.3.

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 14195.17 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 30-06-2022, the company reported a Consolidated Total Income of Rs 2665.80 Crore, down -9.48 % from last quarter Total Income of Rs 2945.12 Crore and up 20.70 % from last year same quarter Total Income of Rs 2208.56 Crore. Company reported net profit after tax of Rs 20.47 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 71.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 3.65 per cent, DIIs 19.06 per cent.