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Accumulate Dalmia Bharat; target of Rs 1620: Geojit

Geojit recommended accumulate rating on Dalmia Bharat with a target price of Rs 1620 in its research report dated May 16, 2022.

May 17, 2022 / 06:12 PM IST
 
 
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Geojit's research report on Dalmia Bharat


Dalmia Bharat Ltd (DBL) is the fourth largest cement company in India with a capacity of ~35.9MT; focusing in South with 12.1MT and East & North-East with 20.8MT and West with 2.9MT.



Outlook


We revise our Target to Rs.1,620 (Rs. 2,200 earlier) factoring the margin pressure in the short-term, but maintain Accumulate rating considering recent correction in price.

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For all recommendations report, click here

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first published: May 17, 2022 06:08 pm
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