ICICI Securities Limited
Incorporated in 1999, Nuvoco Vista Corporation (NVCL), a part of Nirma Group Company, is the fifth largest cement company in India and the largest cement company in East India in terms of capacity. As of December 31, 2020, their cement production capacity constituted ~4.2% of total cement capacity in India, 17% of total cement capacity in East India and 5% of total cement capacity in North India. It is also one of the leading ready-mix concrete manufacturers with 49 RMC plants across India. The company forayed into the cement business in 2014 through a greenfield cement plant...
Nuvoco Vistas Corporation Ltd. is trading above its 200 day SMA of 365.1
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