Nuvoco Vistas Corporation trades higher on incorporating wholly owned subsidiary
Nuvoco Vistas Corporation is currently trading at Rs. 349.05, up by 4.65 points or 1.35% from its previous closing of Rs. 344.40 on the BSE.
The scrip opened at Rs. 344.55 and has touched a high and low of Rs. 353.60 and Rs. 344.50 respectively. So far 4822 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 398.55 on 27-Dec-2023 and a 52 week low of Rs. 292.00 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 353.60 and Rs. 335.10 respectively. The current market cap of the company is Rs. 12555.82 crore.
The promoters holding in the company stood at 72.02%, while Institutions and Non-Institutions held 22.10% and 5.87% respectively.
Nuvoco Vistas Corporation has incorporated wholly owned subsidiary (WOS) in the name of ‘Vanya Corporation’ to carry on the business of manufacturing of cementitious products. The certificate of incorporation has been received from Ministry of Corporate Affairs on November 28, 2024.
Earlier, the company had received approval for the incorporation of a Wholly Owned Subsidiary company in the name of ‘Vanya Corporation’.
Nuvoco Vistas Corporation is one of the leading ready-mix concrete manufacturers in India. It offers a range of products across cement, RMX and modern building materials.
