Dalmia Bharat may test Rs 900: Mehrabbon Irani

Mehraboon Irani of Nirmal Bang told CNBC-TV18, "As far as Dalmia Bharat goes if one looks at the fundamentals it was a 8 million tonne company and it has now become a 23 million tonne company and the equity has not gone up. They have leverage that as and when the economy rebounds demand picks up. They have it in them to supply without any sort of stress in their balance sheet."

"So, according to me the profitability of this company should only improve. We have a research report of this company, a clear disclosure and we have a target of Rs 900 for the stock in the next 12 months," he said.