{"id":89421,"date":"2023-02-10T18:00:00","date_gmt":"2023-02-10T12:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=89421"},"modified":"2023-02-10T14:26:30","modified_gmt":"2023-02-10T08:56:30","slug":"cement-stock-to-buy-for-an-upside-potential-of-47-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cement-stock-to-buy-for-an-upside-potential-of-47-do-you-own-it\/","title":{"rendered":"Cement stock to BUY for an upside potential of 47%; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-574557256\"><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>Nuvoco Vistas Corporation Ltd, the fifth-largest cement group in India, saw its shares increase by 2.5 percent in the early hours on Friday to trade at Rs 380 levels. The scrip traded in green even after the company posted disappointing quarterly earnings.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1953691441\"><!-- 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><p>In Q3FY23, the company posted a loss of 75.29 Crores as against a loss of Rs 85.54 Crore in the same quarter the year earlier. However, on a QoQ basis, the company has narrowed down its losses from Rs 130.38 Crore.&nbsp;<\/p><p>Their total revenue in the period stood at Rs 2,604.59 Crore which was an increase of 20 percent YoY from Rs 2,165.24 Crore and 8 percent QoQ from Rs 2,400.62 Crore.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NUVOCO\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Nuvoco Vistas Corporation Limited<\/a><\/strong>, part of the Nirma Group, is one of the largest cement companies and concrete manufacturers in India. 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.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3138459059\"><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><p><strong>HDFC Securities is bullish on the stock and has a \u2018Buy\u2019 tag with a target price of Rs 545 per share representing a 44% from the current levels.&nbsp;<\/strong><\/p><p>We continue to like it for its leadership presence in the east, large retail focus, and various margin initiatives. In Q3FY23, Nuvoco reported modest volume growth of 2\/6% QoQ\/YoY (lost market share). NSR recovered strongly 6% QoQ. But opex also increased by 3% QoQ. Thus, unit EBITDA recovery was moderated (+INR 161\/MT QoQ) to INR 617\/MT, the broker highlights.&nbsp;<\/p><p>Nuvoco has paused its Gulbarga expansion plans to focus on reducing debt to a comfortable level of INR 30-35bn. As the current capacity is sufficient to fund volume growth for the next 3-4 years, we believe focus on debt reduction should drive valuation rerating, it added.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in 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-after-content\" id=\"trade-3164061179\"><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>Nuvoco Vistas Corporation Ltd, the fifth-largest cement group in India, saw its shares increase by 2.5 percent in the early hours on Friday to trade at Rs 380 levels. The scrip traded in green even after the company posted disappointing quarterly earnings.&nbsp; In Q3FY23, the company posted a loss of 75.29 Crores as against a [&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":[31,1789],"tags":[3175,3977,6014,6008,6011,6009,6013,948,936,6007,3153,3157,2597],"class_list":["post-89421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-cement-sector","tag-cement-stocks","tag-cement-stocks-to-buy-now","tag-nuvoco-vistas-corporation-ltd","tag-nuvoco-vistas-corporation-ltd-latest-news","tag-nuvoco-vistas-corporation-ltd-share-price","tag-nuvoco-vistas-corporation-ltd-targets","tag-stock-market","tag-stock-market-news","tag-stock-market-recent-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cement stock to BUY for an upside potential of 47%; Do you own it? 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