NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Systematix Report
Shares of Nuvoco Vistas opened 9% higher and rallied further on Wednesday after the company posted its june quarter results on July 14.
The brokerage firm Systematix maintained its ‘Buy’ rating on Nuvoco Vistas Corporation Ltd. and increased its target price to Rs 500 from R 482, citing improved realisations, better cost efficiencies and strong execution of expansion projects.
At the brokerage’s reference current market price of Rs 341, the revised target implies significant upside potential.
The brokerage noted that Nuvoco Vistas reported a robust operational performance in Q1FY27.
Revenue rose 9% year-on-year to ₹31.3 billion, while cement volumes increased 4% YoY to 5.3 million tonnes. Despite logistical disruptions during the quarter, the company managed to deliver strong realizations and profitability.
Click on the attachment to read the full report:
ALSO READ: Tata Elxsi Stock Still Expensive? Motilal Oswal Revises Target Price After Q1 Results — Here’s Why
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence,
Sharp Market Insights,
Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.