HDFC Securities is bullish on Dalmia Bharat has recommended buy rating on the stock with a target price of Rs 1450 in its research report dated May 14, 2019.
The NCLAT had approved UltraTech's resolution plan for Binani and rejected the resolution plan submitted by Dalmia Bharat's Rajputana Properties by terming it "discriminatory" and "unbalanced".
The company had posted a net profit of Rs 18 crore in the July-September quarter a year ago, Dalmia Bharat said in a BSE filing.
Nalanda Securities bullish on Dalmia Bharat has recommended buy rating on the stock with a target price of Rs 2817 in its research report dated October 12, 2018.
Motilal Oswal is bullish on Dalmia Bharat has recommended buy rating on the stock with a target price of Rs 3141 in its research report dated September 14, 2018.
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JM Financial is bullish on Dalmia Bharat has recommended buy rating on the stock with a target price of Rs 3420 in its research report dated August 13, 2018.
Net Sales are expected to increase by 7.1 percent Y-o-Y (down 16.4 percent Q-o-Q) to Rs. 2,204.8 crore, according to Kotak.
JM Financial is bullish on Dalmia Bharat has recommended buy rating on the stock with a target price of Rs 3420 in its research report dated May 21, 2018.
Strong demand in eastern markets should help the company clock double digit volume growth over the course of the current financial year.
Dalmia has alleged that UltraTech bid, which the lenders were to consider, is ineligible under Section 29A
"We expect the stock to extend this rally towards our mid to long-term target of Rs 3350 with a stop loss below Rs 2770 on a closing basis," says Abhishek Mondal, Research Analyst at Guiness Securities.
"The Nifty50 has been making higher highs higher lows on a weekly scale, with support seen around 10,560 levels and then 10,485 levels which indicates a continuation of the uptrend is still intact," says Abhishek Mondal of Guiness Securities.
If agreed to, this will also help the company terminate the auction of Binani Cements at the National Company Law Tribunal (NCLT).
"The operational creditors (OCs) dues, in reality, are over Rs 700 crore. The total amount due to the OCs has been wrongly verified by the resolution professionals (RP) as Rs 503.37 crore of which Dalmia offers to pay just Rs 151 crore," Binani Operational Creditors Forum (BOCF) spokesperson Siddharth Tibrewal said in a statement here.
The IBC resolution process has been very efficient and transparent, said Mahendra Singhi, Group CEO-Cement, Dalmia Bharat.
The move is intended to block lenders decision to hand over Binani to Dalmia Bharat
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Dalmia Bharat and can sell Dewan Housing Finance while one can avoid PNB.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Tata Elxsi and United Spirits and can sell Dalmia Bharat.
Power and fuel costs account for 25-30 percent of the total operating cost for the power guzzling industry.
The BSE midcap index tanked 2.79 percent intraday on Friday crashing over 482 points aided by stocks including GMR Infra which tanked 10.55 percent followed by Vakrangee which fell 10 percent.