India's Nuvoco Vistas slips on Q1 profit drop

Nuvoco Vistas

01/08/2024 06:55

** Shares of Nuvoco Vistas Corp  NUVO.NS  fall 2% to 348
rupees    
    ** The construction materials maker said on Wednesday its Q1
profit dropped 80%, rev from ops down 6%
    ** Co hurt by fall in demand for core cement segment
    ** Sixteen analysts covering the stock on avg have a "buy"
rating; median PT is 389 rupees - LSEG data
    ** Stock down 9% so far this year


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))