India's last cement IPO did not work. Can JSW Cement break that curse?
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Mint
4 days ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 11 August 2025
Breakout stocks buy or sell: A sharp wave of selling swept through the Indian stock market, pulling the benchmark indices down by around 1 per cent each, on Friday, August 8. The Sensex tumbled 765 points, or 0.95 per cent, to settle at 79,857.79, while the Nifty 50 slipped 233 points, or 0.95 per cent, ending at 24,363.30. Among the broader markets, the BSE Midcap index fell 1.56 per cent, and the Smallcap index declined 1.03 per cent. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment has turned weak as the Nifty 50 index has slipped below 24,500 decisively and the 50-stock index has now made its base around its 200-DEMA support at 24,000. Speaking on the outlook of Indian stock market, Bagadia said, ' On the upper side 24,550 is expected to work as immediate hurdle. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Sanghvi Movers, Gujarat State Fertilizers & Chemicls, Nuvoco Vistas Corporation, Yatharth Hospital & Trauma Cre Srvcs, and Fortis Healthcare. 1] Sanghvi Movers: Buy at ₹ 307.1, target ₹ 330, stop loss ₹ 297; 2] Gujarat State Fertilizers & Chemicls: Buy at ₹ 213.2, target ₹ 229, stop loss ₹ 206; 3] Nuvoco Vistas Corporation: Buy at ₹ 440.05, target ₹ 470, stop loss ₹ 425; 4] Yatharth Hospital & Trauma Cre Srvcs: Buy at ₹ 706.1, target ₹ 760, stop loss ₹ 680; 5] Fortis Healthcare: Buy at ₹ 897.35, target ₹ 960, stop loss ₹ 865. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
07-08-2025
- Time of India
India's last cement IPO did not work. Can JSW Cement break that curse?
When Nuvoco Vistas Corporation listed in August 2021, it came with the promise of scale and the pedigree of the Nirma Group. Yet, within 10 months, the stock had halved. Investors who bought at the IPO price are still nursing wounds with Nuvoco shares trades nearly 24% below its IPO price of INR570, nowhere close to its all-time high. That bruising debut cast a long shadow over the sector. No other cement company has dared to go public since –
Time of India
18-07-2025
- Time of India
Nuvoco Vistas posts ₹133.16 crore profit in Q1 FY26
NEW DELHI: Nuvoco Vistas Corp, the building materials division of the Nirma Group , on Thursday reported a multi-fold increase in its profit to Rs 133.16 crore in the quarter ended in June 2025. The company had logged a net profit of Rs 2.84 crore in the April-June quarter a year ago, according to a regulatory filing from Nuvoco Vistas Corp. Its revenue from operations was up 9 per cent to Rs 2,872.70 crore in the June quarter. It was at Rs 2,636.48 crore in the corresponding quarter a year ago. Total expenses of Nuvoco Vistas Corp were up 1.9 per cent to Rs 2,685.9 crore in the June quarter of FY'26. Its total income, which includes other income, was at Rs 2,887.50 crore, up 9.33 per cent in the June quarter. The company achieved a consolidated cement sales volume of 5.1 MMT in Q1 FY26, said Nuvoco Vistas Corp in its earning statement. Commenting on the results, its Managing Director Jayakumar Krishnaswamy said: "The Company witnessed healthy volume growth during the quarter. It maintained a sharp focus on premiumisation and trade mix, which contributed to enhanced realizations and led to the highest-ever first-quarter consolidated EBITDA in the Company's history." Nuvoco Vistas Corp, which has acquired Vadraj Cement, is on track to achieve approx 31 MMTPA cement capacity by Q3 FY27 from the present 25 MTPA. Over the outlook, Krishnaswamy said: "Looking ahead, we remain committed to driving sustained growth and expanding our market presence. Following the successful acquisition of Vadraj Cement, the Company is fully geared up to operationalise the plants at Kutch and Surat by Q3 FY27 and at the same time expand its market footprint in the Western region. Shares of Nuvoco Vistas Corporation Ltd on Thursday settled at Rs 382.65 on BSE, up 1.69 per cent from the previous close.
