Purchase of Murli Industries positive for Dalmia Bharat: Kotak Institutional Equities

In a positive move for Dalmia Bharat - the Committee of Creditors (CoC) has approved the resolution plan for the revival of its subsidiary Murli Industries. In an interview with CNBC-TV18, Murtuza Arsiwalla of Kotak Institutional Equities shared his take on the same.

Purchase of Murli Industries is definitely very positive for Dalmia Bharat, he said.

We have been positive on the stock for long and that stays. The company has given us one more reason to be positive, he added.

His price target on Dalmia Bharat is around Rs 3,200, said Arsiwalla.

For full interview, watch accompanying video...