In one month, the stock has fallen 29% as compared to a 2% fall in Nifty 50 index.

The counter saw selling pressure after the company recorded a dismal Q3 result on 9 February 2022. The cement maker's consolidated net loss of Rs 85.54 crore in Q3 FY22 as compared to a net profit of Rs 44.41 crore posted in Q3 FY21. Net sales fell 2.9% to Rs 2,165.24 crore in Q3 FY22 over Q3 FY21.

Nuvoco Vistas Corporation (NVC) is engaged in the business of manufacturing and sale of Cement and Ready Mix (RMX) along with trading and manufacturing of aggregates. The company caters mainly to the domestic market.