Bengaluru, July 18 -- A leading cement manufacturer is in the spotlight after posting a staggering 4,333% surge in quarterly net profit. Here's a quick look at the results and what lies ahead for the company.
Nuvoco Vistas Corporation Limited's stock, with a market capitalisation of Rs. 14,063 crores, rose to Rs. 417, hitting a high of up to 9.2 percent from its previous closing price of Rs. 381.65. Furthermore, the stock over the past year has given a return of 13.3 percent.
Capacity Overview
The cement manufacturer is expected to deliver significant growth, with current figures showing a cement production capacity of 25 million metric tons per annum (MMTPA). Plans are in place to expand this by 6 MMTPA, which will boost the total pro...
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