Nuvoco Vistas Corporation Ltd Share Price – NSE /  BSE

Cement, Small Cap

The results were announced post the conclusion of recently concluded auctions held by the Government of Rajasthan. These auctions were conducted via the MSTC e-auction portal.

The auction saw participation from major cement players and other industries.

The blocks cover 41.37 hectares, have limestone resources estimated at 28.43 million tons, and is located near the company’s cement manufacturing facility in Nimbol, Rajasthan, which provides a strategic advantage.

“These blocks were secured at a highly competitive price compared to other cement players. By having access to these deposits, the company can ensure the long-term sustainability of its operations through increased limestone availability,” Nuvoco Vistas said in a statement.

Jayakumar Krishnaswamy, managing director, Nuvoco Vistas Corp., said: “By acquiring these limestone blocks, the company ensures access to high-quality resources to strengthen its operations.

This strategic move will boost our production capabilities, allowing us to more effectively meet the increasing demands of the cement industry.”

Nuvoco Vistas Corporation (NVC) is engaged in the business of manufacturing and sale of cement and ready mix (RMX) along with trading and manufacturing of aggregates. The company caters mainly to the domestic market.

The company's net profit declined 80.36% to Rs 2.84 crore as sales fell by 6.02% to Rs 2636.48 crore in Q1 FY25 over Q1 FY24.

The scrip rose 0.16% to currently trade at Rs 351.35 on the BSE.

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Nuvoco Vistas Corp. will hold a meeting of the Board of Directors of the Company on 23 October 2024.

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Indraprastha Gas Ltd, Tata Motors Ltd, Jai Balaji Industries Ltd, Torrent Power Ltd are among the other stocks to see a surge in volumes on BSE today, 17 September 2024.

Nuvoco Vistas Corporation Ltd notched up volume of 1.89 lakh shares by 10:46 IST on BSE, a 18.85 fold spurt over two-week average daily volume of 10005 shares. The stock rose 6.49% to Rs.373.55. Volumes stood at 3846 shares in the last session.

Indraprastha Gas Ltd witnessed volume of 3.58 lakh shares by 10:46 IST on BSE, a 9.92 times surge over two-week average daily volume of 36083 shares. The stock increased 5.04% to Rs.557.10. Volumes stood at 37931 shares in the last session.

Tata Motors Ltd registered volume of 48.37 lakh shares by 10:46 IST on BSE, a 7.66 fold spurt over two-week average daily volume of 6.31 lakh shares. The stock slipped 2.08% to Rs.967.60. Volumes stood at 5.77 lakh shares in the last session.

Jai Balaji Industries Ltd saw volume of 31611 shares by 10:46 IST on BSE, a 4.51 fold spurt over two-week average daily volume of 7002 shares. The stock increased 4.78% to Rs.1,139.00. Volumes stood at 14174 shares in the last session.

Torrent Power Ltd recorded volume of 66536 shares by 10:46 IST on BSE, a 3.63 times surge over two-week average daily volume of 18342 shares. The stock gained 1.81% to Rs.1,812.45. Volumes stood at 19649 shares in the last session.

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Net profit of Nuvoco Vistas Corporation declined 80.36% to Rs 2.84 crore in the quarter ended June 2024 as against Rs 14.46 crore during the previous quarter ended June 2023. Sales declined 6.02% to Rs 2636.48 crore in the quarter ended June 2024 as against Rs 2805.50 crore during the previous quarter ended June 2023.

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