{"id":135524,"date":"2024-10-08T12:07:20","date_gmt":"2024-10-08T06:37:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=135524"},"modified":"2024-10-08T15:10:14","modified_gmt":"2024-10-08T09:40:14","slug":"cement-stock-jumps-after-receiving-3-limestone-blocks-in-rajasthan","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cement-stock-jumps-after-receiving-3-limestone-blocks-in-rajasthan\/","title":{"rendered":"Cement stock jumps after receiving 3 limestone blocks in Rajasthan\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1839333810\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Cement stock engaged in offering a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials in focus upon being declared preferential bidder for 3 limestone blocks in Rajasthan.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1167538287\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 12,680 Crores, the shares of <strong>Nuvoco Vistas Corporation Limited<\/strong> were trading at Rs. 355 per equity share, up 1.2 percent from its previous day\u2019s close price of Rs. 350.80.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Nuvoco Vistas Corporation Limited, has been declared the preferred bidder by the Government of Rajasthan, for three significant limestone blocks (NB-01, NB-02, NB-03) located at Nimbol, Tehsil Jaitaran, District Beawar, Rajasthan.&nbsp;<\/p><p>The limestone blocks cover 41.37 hectares, have limestone resources estimated at 28.43 million tons, and are located near the company\u2019s cement manufacturing facilities in Nimbol Rajasthan, providing a strategic advantage. By having access to these deposits, the long-term sustainability of its operations can be ensured through increased limestone availability.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4209006624\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Message&nbsp;<\/strong><\/h2><p>Mr. Jayakumar Krishnaswamy, Managing Director, Nuvoco Vistas Corp. Ltd., commented, &#8220;By acquiring these limestone blocks, the Company ensures access to high-quality resources to strengthen its operations.&nbsp;<\/p><p>This strategic move will boost our production capabilities, allowing us to more effectively meet the increasing demands of the cement industry. It reinforces our commitment to maintaining our position as a leading building materials company while driving excellence and sustained growth.&#8221;&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Nuvoco Vista Corporation Limited is the 5th largest cement companies and concrete manufacturer in India with a consolidated capacity of 25 MMT. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials and Ratios<\/strong><\/h2><p>Its revenue from operations declined by 6.02 percent from Rs. 2,805.50 Crores in Q1FY24 to Rs. 2,636.48 Crores in Q1FY25, accompanied by profits of Rs. 14.46 Crores to Rs. 2.84 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has delivered a return on equity (ROE) of 1.61 percent and a return on capital employed (ROCE) of 5.42 percent. It has maintained a debt-to-equity ratio of 0.49.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-content-10\" id=\"trade-2709469087\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3011605958\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Cement stock engaged in offering a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials in focus upon being declared preferential bidder for 3 limestone blocks in Rajasthan.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 12,680 Crores, the shares of Nuvoco Vistas Corporation Limited were trading at Rs. 355 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-135524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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