Buy Dalmia Bharat: target of Rs 2300: Sharekhan

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Sharekhan's research report on Dalmia Bharat

Average cement prices in the Eastern region are up 10% both y-o-y and q-o-q during Q4FY2022 while cement transported through rail rises 23.5% q-o-q led by strong demand in March 2022. International and domestic petcoke prices and retail diesel prices remained high y-o-y during Q4FY2022. As costs increase, we expect players to further hike prices from April 2022. The company remains on track to achieve 48.5 MT cement capacity by March 2024 and 60 MT by March 2025.

Outlook

We maintain a Buy on Dalmia Bharat with an unchanged PT of Rs. 2,300, considering attractive valuation post recent correction- and strong earnings growth trajectory over the next three years.

More Info

At 14:09 hrs Dalmia Bharat was quoting at Rs 1,590.00, down Rs 5.05, or 0.32 percent.

It has touched an intraday high of Rs 1,613.45 and an intraday low of Rs 1,582.35.

It was trading with volumes of 29,903 shares, compared to its thirty day average of 15,176 shares, an increase of 97.04 percent.

In the previous trading session, the share closed up 0.20 percent or Rs 3.25 at Rs 1,595.05.

The share touched its 52-week high Rs 2,547.20 and 52-week low Rs 1,279.45 on 14 September, 2021 and 08 March, 2022, respectively.

Currently, it is trading 37.58 percent below its 52-week high and 24.27 percent above its 52-week low.

Market capitalisation stands at Rs 29,791.62 crore.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Read More