Hold Nuvoco Vistas Corporation: target of Rs 348: ICICI Securities

Source: MoneyControl

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

✓ICICI Securities issued a hold rating on Nuvoco Vistas Corporation with a target price of Rs 348.
✓The firm said the Q2FY27 EBITDA beat estimates, but rising fuel costs and weak demand remain concerns.
✓Analysts got cautious due to high debt and competitive pressure, choosing to keep their current outlook.

Story at a Glance

Category: BUSINESS
Reported By: MoneyControl
Reading Speed: 2 Minute(s)
Market Focus: India Economy

ICICI Securities research report on Nuvoco Vistas Corporation Nuvoco Vistas Corp's (Nuvoco) Q2FY27 EBITDA (up 11% YoY/down 28% QoQ) stood ~9% ahead of our estimate - beat across volume, realisation and cost. Yet, we remain uninspired to pursue any earnings upgrade due to rising fuel cost, even as the industry attempts price hikes (to pass on the cost impact).

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