Dalmia Bharat share price: Buy Dalmia Bharat, target price Rs 2470: Emkay Global

Emkay Global has buy call on Dalmia Bharat with a target price of Rs 2470. The current market price of Dalmia Bharat Ltd. is Rs 2400.5.

Dalmia Bharat Ltd., incorporated in the year 2013, is a Mid Cap company (having a market cap of Rs 43648.90 Crore) operating in Cement sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 2615.00 Crore, down -21.26 % from last quarter Total Income of Rs 3321.00 Crore and up 28.88 % from last year same quarter Total Income of Rs 2029.00 Crore. Company reported net profit after tax of Rs 238.00 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 56 per cent stake in the company as of June 30, 2021, while FIIs held 14.2 per cent, DIIs 4.2 per cent and public and others 25.6 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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