ADVERTISEMENTNuvoco Vistas Shares May Rally 40% Says HDFC Securities — Check Stock Rating, Revised Target PriceThe brokerage cites aggressive capacity expansion, balance sheet strengthening through CCDS issuance, and premiumisation as key drivers of growth. HDFC Securities Retail Research12 Dec 2025, 10:53 AM IST i12 Dec 2025, 10:53 AM IST12 Dec 2025, 10:53 AM ISTSaveNuvoco is embarking on a major expansion journey as it acquired stressed assets of Vadraj Cement in Gujarat and has refurbished them. (Photo: Vijay Sartape/ Source: NDTV Profit) Nuvoco continues to focus on premiumization, and efficiency improvements should drive margin gains.