India's Nitco rises after laying out upbeat forecast through 2029

Nitco

26/11/2025 05:56

** India's Nitco NCOT.NS rises 3.39% to 87 rupees after upbeat commentary in Q2 presentation to investors

** Flooring and wall solutions co expects 2026-2029 to be its 'turnaround phase' after Authum Investment and Infrastructure AUTH.NS became a shareholder

** Says partnership has improved liquidity, and co expects a strong comeback; projects revenue to rise 44% y/y in FY26

** YTD, NCOT shares have fallen ~31%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))