Nuvoco Vistas shares: The East India-based cement company reported a significant jump in consolidated net profit for the April–June quarter, rising to ₹133.16 crore from ₹2.84 crore a year ago. Operating revenue increased by nearly 9% to ₹2,872.70 crore.
Indian companies scaled back overseas bond issuances as improved domestic liquidity and a weaker rupee made local fundraising more attractive.
The strategy has, however, lagged higher-returning asset classes such as gold and global equities, with 14.7% and 18.6% annualised returns, respectively, over the same period.
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