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Nuvoco Vistas surges 30% in 3 days after promoter increases stake

On February 25, 2022, Niyogi Enterprise Private Limited, one of the promoters of Nuvoco Vistas, purchased 68,222 equity shares of the company via market purchase

Nuvoco, Emami cement
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Nuvoco, Emami cement

SI Reporter Mumbai
Shares of Nuvoco Vistas Corporation moved higher by 12 per cent to Rs 387 on the National Stock Exchange (NSE) in Wednesday's intra-day trade, extending their rally into third straight day. Since last Thursday, the stock has rallied 30 per cent after one of the promoters bought over 50,000 shares of the company via open market.

On February 25, 2022, Niyogi Enterprise Private Limited, one of the promoters of Nuvoco Vistas, purchased 68,222 equity shares of the company via market purchase, according to company's disclosure on the stock exchanges. Post acquisition, it's holding has increased to 59.18 per cent