Nuvoco Vistas shares soar 10% after strong Q1. Why Nomura, Choice see up to 47% upside?

Nuvoco Vistas reported a 20% YoY rise in Q1 FY27 net profit to Rs 160 crore and 9% revenue growth to Rs 3,129 crore, with EBITDA rising 7% YoY to Rs 570 crore, marking its strongest first-quarter EBITDA performance. Brokerages Choice (target Rs 500, 47% upside) and Nomura (target Rs 400, 17% upside) retained Buy ratings, noting that EBITDA beat estimates by 22% and blended realisations rose 7% QoQ. Grey cement volumes grew 4% YoY to 5.3 million tonnes, and the company flagged early commissioning of a 2 MTPA Surat grinding unit to support western India expansion.