_edited.png)
Nuvoco Vistas Corporation Ltd.
Nuvoco Vistas Climbs After Broker Raises Target Price to ₹510 - What's Driving the Optimism ?
Nuvoco Vistas gained investor attention after Prabhudas Lilladher reaffirmed its 'BUY' rating and raised the target price to ₹510 from ₹471. The brokerage cited stronger pricing, improving profitability, disciplined cost management, and upcoming capacity expansions as key factors that could support earnings growth over the next few years.
Nuvoco Vistas delivered a strong operating performance during Q1FY27 despite higher input costs. Better cement prices across key markets and an improved geographical sales mix helped blended net sales realization increase by around 6% sequentially. The company also benefited from a gradual shift towards domestic coal from imported pet coke, helping mitigate fuel cost pressures.
Although expenses remained elevated due to higher pet coke prices, freight charges and packaging costs, Nuvoco's pricing power and ongoing cost optimization initiatives helped improve profitability. EBITDA per tonne increased to ₹1,063, comfortably ahead of brokerage estimates, indicating that the company is successfully protecting margins even in a challenging cost environment.
Management expects cement demand to remain healthy during FY27, supported by government infrastructure spending and housing activity. The recently commissioned 2 MTPA Surat grinding unit, along with the phased commissioning of the 3.5 MTPA Kutch clinker project and debottlenecking initiatives in Eastern India, are expected to drive higher volumes from the second half of FY27, strengthening the company's market position.
Reflecting improved pricing assumptions and better earnings visibility, Prabhudas Lilladher increased its EBITDA estimates by 11% for FY27 and 8% for FY28. The brokerage expects Nuvoco to deliver an EBITDA CAGR of around 13% between FY26 and FY28 and has maintained its 'BUY' recommendation while raising the target price to ₹510, indicating confidence in the company's medium-term earnings and expansion strategy.
Latest News
Indian Bond Yields Rise as Crude Prices and US Treasury Yields Surge
Indian government bond yields opened higher on September 1 as a sharp rise in Brent crude prices and US Treasury yields increased pressure on domestic debt markets. Renewed geopolitical tensions between the United States and Iran, expectations of tighter US monetary policy and the conclusion of the RBI special FCNR B swap window added to market concerns, despite India reporting strong Q1 FY27 GDP growth of 7.8 percent.
3:50 pm
1 September 2026
FirstCry Loses Unicorn Status as Valuation Falls Below One Billion Dollars
Brainbees Solutions, the parent company of FirstCry, saw its market capitalisation fall below one billion dollars for the first time since its August 2024 listing after its shares declined 2.2 percent on August 31. The decline reflects concerns around slower execution, rising competition from babycare quick commerce players, international expansion challenges and changing consumer preferences, although the company continues to invest in faster delivery, private labels and technology.
2:58 pm
1 September 2026
Sun Pharma Agrees to MFN Drug Pricing Deal in US to Delay Tariffs
Sun Pharmaceutical Industries has agreed to extend most favoured nation drug pricing to US state Medicaid programmes and future innovative medicine launches in exchange for a delay of impending US tariffs. The agreement delays Section 232 tariffs on innovative pharmaceutical products for more than two years, although the confidential terms make the immediate financial impact difficult to quantify.
2:35 pm
1 September 2026
Foreign Investors Sell Rs 7986 Crore In Indian Shares As MSCI Rebalance Tests New Closing Auction
Foreign investors sold a net Rs 7,986 crore of Indian equities on August 31, marking the third heaviest one day FII sell off of 2026 and pushing August into net outflow territory. The selling coincided with the first MSCI index review executed through India’s new 20 minute Closing Auction Session, which recorded Rs 39,718 crore of trades or about 22 percent of the days cash market turnover.
2:20 pm
1 September 2026
Indraprastha Gas Raises CNG Prices to Counter Margin Pressure
Indraprastha Gas raised CNG prices in Delhi by nearly 5 percent to offset higher imported spot LNG costs, sending its shares more than 2 percent higher in morning trade. Analysts expect the increase to support realisations and slow margin erosion, although elevated gas costs could keep profitability under pressure.