Dalmia Bharat good bet, may outperform: Sahil Kapoor

Sahil Kapoor of Edelweiss Broking told CNBC-TV18, "We feel Dalmia Bharat is going to outperform the market this year as well. It's the third largest cement group in the country right now and mostly it has been focused on the southern part of the country with most of its sales coming from that region but in the short-term we have seen large changes in the management.""A new management has come in which is the third generation, which is focusing on inorganic growth. Second, they are also focusing on reduction in cost. Most of the acquisitions have been revenue and EBITDA accretive, so we feel in the long-term the growth is going to come from revival in infrastructure demand in the southern part of the country; the states which have a split which will increase cement demand and support sales for Dalmia Bharat.""In the short-term we feel that their incremental clinker capacity which is coming in the north east region, will add and boost the profitability and in the short-term it will also provide good jump in the EBITDA for the company. So largely it is a good bet. We think in 2016 it should outperform Nifty significantly," he said.