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Buy Dalmia Bharat; target of Rs 2536: Anand Rathi

Anand Rathi is bullish on Dalmia Bharat has recommended buy rating on the stock with a target price of Rs 2536 in its research report dated February 11, 2023.

February 16, 2023 / 15:02 IST
     
     
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    Anand Rathi's research report on Dalmia Bharat

    Amid the high-cost setting, Dalmia reported a strong performance overall on healthy demand and greater operating efficiency. Its entry to the stable demand-pricing (Central) region would be positive, reducing the market mix of the low-utilisation South. Its greater focus on raising the share of “green” energy, better return ratios, divesting non-core assets and a defined capital-allocation policy are positives.

    Outlook

    We believe a re-rating is on cards and retain a Buy, with a higher target of Rs.2,536 (earlier Rs.2,160), at 12x FY25e EV/EBITDA.

    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.

    Dalmia Bharat - 14 -02 - 2023 - anand

    Broker Research
    first published: Feb 16, 2023 03:02 pm

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