The Delhi-based principal bench of NCLAT has upheld the previous order passed by the Mumbai bench of the NCLT, which in April, approved Nuvoco Vistas's plan for Vadraj Cement that includes an upfront payment of Rs 1,800 crore.
I don’t think the objective of investment should ever be to take a risk in order to get a return. I think the objective of shrewd investment should be to find opportunities which offer a larger return than the average, combined with adequate safety - Benjamin Graham
The company’s ‘value over volume’ strategy continues to lead to underperformance versus peers and market share loss, in our view, said Kotak Institutional Equities.
Declining raw material and fuel costs helped Nuvoco Vistas clock a profit despite falling revenue, experts say
Declining raw material and fuel costs helped the company attain profits despite falling revenue.
As the monsoon recedes and the general election nears, cement companies have started hiking prices expecting a surge in demand. This is likely to improve the financial performance of cement companies. Investors have also started taking note of this fact. So, if you want to capitalise on this trend, where should you invest?